THE YELLOW

Equity futures markets trading up as usual - and its the end of the month- however please be careful as the ES futs are a hair under old resistance at 914 and of course that level is also the weekly R1- and of course that is a bit above the high of the morning on the ES.

In addition- RSI (2) levels getting extended to the North and they have been a pretty good tell over this recent trading range:

ES 77;

NQ 88;

YM 72;

TF 76;

Gold/Silver/Ag commodities all ripping higher again this morning while the dollar has sunk under the 80 level on the DXY - EURO 141 and the # 1.61.

Gold -$977;

Silver -$15.5;

Crude- $66.2

In the news- MS upgraded to a $36 target;

Tim with an OIH target;

Trader Mike - on the range;

No recovery over here;

And who is driving the optimism;

538 on where the Hispanic vote matters;

Optimism-

Nutty/Grumpy old men;