Spu has a short term destiny with a 1225 print. A close under 1220 spu today

would signal a short term top in the equity markets. Lighten up all long exposure with a close under this level.

JJG…the stop is 49 stop close for longs.

Aussie….98.50 stop close..

The yen and the bonds are break even at this point..so basically no stops close by.

We will be in meetings through the early afternoon.