Closing comments

All stock emini futures closed above their pivots and their 3 day pivot ranges. Still no sign of price weakness. We are about to go into the last few days of the month and that is usually associated with some upward bias. I wouldn't think it possible to just motor on from here, but maybe that means we will. Volume is lacking, we have been straight up, price action is unnatural.... yada, yada, yada.

The Yen is making some interesting intra-day bottoming attempts, but did not close above its pivot. It is in an area of substantial moving average support on the daily chart.

In this day of correlation, it is all one trade... you either have it on, are flat, or are short. Going into month end goosing, it becomes really tough after the run-up we have had. Fundamentally, I still like the short side. But I must admit... I think I will wait and watch for a little weakness and some defined risk.