The upside of the dollar looks played out for a bit,

at least for the rest of the day

Metals had a huge hold.

Stock indices look vulnerable…The spu “late day” under 1266 ish is just

not price constructive. Conversely, all new price action over 1274 is needed for more upside.

Individual sectors and instruments have been volatile as the chase for returns continues

from one hot play to the next. It’s a stock pickers paradise. Pick the right instrument and

you win the lotto “Long or short”. Today as per the past couple of weeks the opportunity has been

in the individual names of the Sox,Financials,Miners and Oil services sectors.

No, I am not increasing the “risk on”  trades without some more evidence

of upside follow through in the indices.