he news that China may slow down or halt buying US treasuries has added a bit of volatility overnight. Bonds are pressing down as had been expected. Gold pushed up to test overhead resist which is also not a big surprise. Euro bounced but think it should form a lower high to that of January 4th. In the S&P 500 today, will have a gap down and reasonable to have an initial attempt early to try to back fill the gap but hope to see it fail and drift lower later in the day.

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