Financials: Sept. Bonds are currently 21 higher at 115’08, the 10 Yr. Notes 14 higher, the 5 Yr. Notes 3 higher and the 2 Yr. Notes 2 higher. Dec. Eurodollars are 4 higher at 99.02. We remain short the Sept. 2 Yr. Notes and the Dec. Eurodollars. Support for Sept. Bonds is currently 114’24 and resistance is currently 117’15. I am looking to go short at resistance.
S&P's: June S&P’s are currently 1.00 lower at 938.50. Yesterday we tried the short side of the market from the 932.00 level and were stopped out when the market traded above 946.00. Today I am once again trying the short side of the market at current levels with a buy stop at 951.50. If the market trades below 932.00 lower your buy stop to the 946.00 level or take the short term profit.