(8-29-10) The September US Treasury Long Bond contract -- we had been consistently trading on the long side.

In fact we had sold the remaining long positions on our standing orders at 135.23 Friday morning, when the Bonds were unable to advance despite friendly news flows which signaled that a decline was coming, as equity prices began to rally, despite bearish news flows for equities.

We were stopped into the Bonds on our 134.31 sell-stop, being filled at 134.29, and covering at 133.29.

We went long the Bonds again at 133.20 in late Friday action just before the close.

The dramatic sell-off in the Bonds Friday has created a fresh buying opportunity at current levels.

The Sep. Dollar contract continues to meet resistance above 8300, although we believe the Dollar continues to look higher.

The Oct. Crude Oil contract had a good $2 lift Friday, after $71 had been breached and held. Our $74.01 and $75.01 buy stops both hit Friday. We were sellers at $75.