The weekly charts of the S&P's continue to remain very bullish. There are a few timing cycles coming up in the week's ahead, price will dictate whether or not these kick in, but at the very least they're worth making note of. The Nasdaq has run into resistance, but during the week of monthly expiration the indexes tend to have a bullish bias and that's not something I'm willing to fight. Currencies continue to dictate the movement in stocks and while these trends have been especially strong I'm looking to start play them with spreads rather as opposed to the directional bias we've been holding. We also spend some time reviewing bonds and notes, gold and oil.