……………..Stop Close      Profit Points

Long TLT     116.50                 121.70

Long XLE     70.40                   80

Long NEM    59.80                  65.50

Long SLW    34.40                  37.40

Long DE       85.90

Long COP     67

Long Gold    1738

Cash and Futures traders….

Long AUD/USD 106.74 all session stop basis cash

We have been monitoring the Oil and have not committed. The underlying names still act reasonably well given the Crude sell off. Today’s low is descent, however we need to see price action back over 96.25 to bottom fish. 94.60 ish brings us into the 200 day area which will become extremely pivotal. The first meaningful Fibs come in around 92.50 with resting stops below. In short you need to see an 80 cent bounce off any low to think it can be used as a short term trad able low.