Equity - Short term it appears the market has turned and should move lower from here. I am expecting this to be an intermediate term decline that may cause some concern among most investors, thus setting up an environment to launch a very strong upside move.
10 Year Note - Continues to act as if it wants to rally strongly.
Corn - Quite the volatile day in the grains today. The intermediate term trend is clearly down. On the short term it looks like it needs to move a bit lower before completing its counter trend rally.
Cocoa - Resumed its decline today and should continue to move sharply lower over the next 4-7 trading days. Has some potential to really collapse here.
Crude Oil - Did some major technical damage today. Please refer to my weekend comment on Crude to see the intermediate term potential.
USU - Very impressive rally today. Although I do expect USU to pull back, it will only be used to add to a long term position. The extended term condition of USU remains very strong!
DVSA - Has rolled over and should find strong support in the 7 1/8 - 7 1/4 area before it continues its uptrend.
BDAY - Has completed what appears to be the first up leg in the start of a long term uptrend. I am looking for the stock to move towards 9 1/8 before moving higher once again. This is one of our real time candlestick examples.
Sugar - Starting to develop into a potential explosion on the upside, but still has some work to do.
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