Not much has changed from the last report I posted. As I indicated, you should keep a watch on the Agriculture space. Sure enough, on Friday’s move higher in the market, that sector was the strongest, signaling there is some relative strength there. Precious metals continue to remain strong, even after margin hikes. Treasuries also remain in demand. You are not seeing a return to risk assets just yet. Next week should be interesting to see how things shape up. I believe we will get some signals as to where the market will head. As of right now, my bias is to the short side still.

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