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Long "MAY" (you run)

|Includes: SPDR S&P 500 Trust ETF (SPY)
Macro View':

1.Everyone knows that Greece is not fixed, but a moment of relief euphoria is around the corner.

2.CHINA will not move all at once to adjust the currency.

3.Investor sentiment is bullish, bu not wildly so, yet ....75 and.89 on our proprietary readings

4. Natural and Man made Disasters take a while to manifest so Volcano and Gulf will be works in progress as to their economic impact.

5.  Economic numbers continue to suggest a comfortable recovery underway.

Therefore, We favor a long position in large cap equities until sentiment is at our target of .69 and .79 respectively.


Long Crude  spread
Long SPX  spread
Long Dollar  spread
Long Gold  spread

Short Sterling  spread

Short Copper  spread

Today's Market:

Look for a low in the morning followed by a reversal rally to new highs

stay tuned for the crude trade it too will make new highs this week.