Many of you have lightened up your exposure.

TLT…Longs were originally paid for by selling partial positions just over 120 on Monday. We’ll adjust the stop on the remainder in the A.M.

MCP…You should have no position left. We originally focused in on this instrument when it was 28 ish and copper was just breaking above 352.

NEM..SLW…XLE..we’ll adjust the stops in the A.M.

OIL…Now that it’s down here we’ll have to await some further price action to determine what’s next. All I can say is that you can find definable risk in some of the names.

AUD/USD…106.86…AUD/JPY…81.60 are the closing levels at 4 P.M. EST for ORH days. We’ll take a fresh look tomorrow.