Financials: Mar. Bonds are currently 15 lower at 141'25 and the 10 Yr. Note 8 lower at 130'26. This mornings Weekly Jobless Claims came in unchanged vs. average analysts estimates of +7,000. Continuing Claims were down 52,000 at 3,392,000. The Bonds are once again nearing support of 140'16. This market has now been rangebound between 140'00 and the 145'00 levels since mid November rallying on uncertainity and falling back when debt fears have been eased. Keep in mind the yield on the 30 Yr. has not risen above 3.25% in this time period nor fallen below 2.85% following the Fed's comments that rates will stay low through at least mid 2013. Treat as a trading market between support and resistance. Grains: Overnight Mar. beans traded 3'0 higher at 1275'2, Mar. Corn fractionally higher at 638'4 and Mar. Wheat 2'4 lower at 642'0. The market is now struggling against the fact that near term supplies remain somewhat tight and the fact that planting intentions for the next crop could be huge (hence the fact that Dec. Corn is trading nearly 75'0 below the Mar. at 563'0). For the moment support for Mar. Corn remains in the low 620's and resistance remains in the 650'0 area. Cattle: Over night Mar. Fc are 40 lower at 158.00 (next week I will be quoting the May contract) and Apr. LC 50 lower at 130.65. Call me a glutten for punishment, but I still can't trade these markets from the long side at such lofty levels. I still expect consumer resistance at such high prices despite tight supply. Cattle on Feed Report tomorrow afternoon. Silver: Mar. Silver is currently 57 cents higher at 34.82 and Apr. Gold 9.00 higher at 1780.00. Technically near term resistance has been penetrated on both of these markets pointing to higher prices. Personally I feel these markets are currently too event (Iran, Iraq, etc.) anf fear driven for me to trade with futures. If you are bullish consider call spreads at least 3 months out. S&P's: Mar. S&P's are currently 2.00 lower at 1354.00. I am lowering resistance from yesterday's 1367.00 level to 1363.50. Near term support is currently 1348.00 with longer term support in the mid 1330's. I prefer the short side of the market at this time. Currencies: As of this writing the Mar. Euro is currently 40 higher at 1.3285, the Swiss 43 higher at 1.1025, the Yen 11 lower 1.2457 and the Pound 30 higher at 1.5700. Yesterday we took profits on Mar. put options in the Yen. I still feel the Yen has a way to go on the downside and will be looking at put spreads for June expiration over the next few days. Regards, Marc 888.908.4310 | 312.264.4310 mnemenoff@pricegroup.com