The SPX 500 sits about sits about 4 points lower (as of 8:20am EST) than yesterday’s close on the S&P 500. This morning France had a bond auction that had slightly higher yields than the last auction, but not enough to...
Read MoreWith all of the bad news consistently coming out of Europe, the Euro has continued to decline. The EUR/AUD plummeting has continued to attractive the carry trade strategy due to its attractive rolls. The EUR/JPY has also...
Read MoreThe SPX 500 sits about 3 points lower than Tuesday’s close on the S&P 500 (as of 8:00am EST). With no major economic releases this morning, markets could remain choppy as we await Unemployment claims on Thursday and...
Read MoreThe 1.30 area was the major support level, which was finally broken back on 12-20-11. The EUR/AUD has continued to decline as the Euro zone debt crisis continues. If you’re looking for a long-term carry trade this pair...
Read More-The SPX 500 sits about 20 point’s higher (screenshot as of 7:50am EST) from last Friday’s close on the S&P 500. Support remains at the 1,255 area (0.618 Fibonacci retracement) as well at the 200 day moving...
Read MoreThe SPX 500 sits about 5 points higher (as of 8:40am EST) than Wednesdays close on the S&P 500. The Italian bond auction did not have a strong demand. Meanwhile we have the EUR/USD breaking through 1.29 area and the AUD/USD...
Read MoreThe SPX 500 sits about two points lower (as of 8:00am EST) from Friday’s close on the S&P 500. The last trading week of 2011 could bring some volatility with the Italian bond auction on Thursday. Today we have the...
Read MoreThe SPX 500 sits about 5 points higher (as of 8:15am EST) than Wednesday’s close on the S&P 500. The 0.618 Fib will come in as a resistance point at 1,255 and we also have the 200 day moving average at 1,258 as another...
Read MoreThe SPX 500 sits about flat from Tuesday’s close on the S&P 500. The ECB had announced its lending to banks earlier this morning, which caused a spike in the SPX 500 and it has failed to break above the 0.618 Fib at...
Read MoreThe SPX 500 is up about 10 points from Mondays close on the S&P 500. The Spanish bond auction has led to an uptrend prior to the US open. I would remain extremely cautious with this rally as volume dissipates as we approach...
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