-The SPX 500 sits about 16 points higher than yesterday’s close on the S&P 500. Yesterdays light volume was the lowest we have had since last Wednesday, which was the day before Thanksgiving. December is looking to...
Read MoreThe SPX 500 sits about flat (as of 9:55am EST) after yesterday’s close. With such large gains in less than a week the market may be quiet as we await the release of tomorrow’s NFP report and US Unemployment Rate. The...
Read MoreThe Italian bond auction has pushed equities upwards as “risk-on” trading continues. The SPX 500 sits about 8 points higher than last night’s close (as of 7:45am EST). With a massive rally and off of the...
Read MoreThe USD gained back all the ground it had lost back in October. The 10,100 area is a major resistance point, which we couldn’t clear last week. If equity markets continue to rally we will see the USD lose ground and the...
Read MoreThe SPX 500 sits about 28 points higher than Fridays close. As US traders come back from Thanksgiving weekend, markets look to open positively resulting in the USD to lose some ground. The Last Friday, (October 28th) is where...
Read MoreToday we should have light volume as many US traders are off the desk for Thanksgiving. The SPX 500 is down over 12 points as of 8:00am EST. The Super Committee has failed to come to an agreement on the US deficit proposal. The...
Read More-The AUD/USD was a great currency pair for the carry trade strategy when the Fed had QE2. Since the end of QE2 and the downgrade of the US by Standard & Poor’s the AUD/USD has remained volatile as it has a similar...
Read MoreThe SPX 500 sits about 6 points higher than the close on the S&P 500 (as of 7:30am EST). Taking a Fib retracement from the 2011 high to the 2011 low, we sit slightly above the 38.2% retracement. This area could play out to...
Read More-The SPX 500 looks to open higher as it sits above the major 1,220 level after gaining ground overnight (screenshot 9:25am EST). The month of November has been quite bearish as European bonds soar higher causing a decline in...
Read More-With all the talk of the Euro debt crisis, rating agency threats, and rising Euro bonds; the SPX 500 has remained in its range from 1,225 to 1,275 for the month of November. -As Euro bonds continue to rise, we should expect to...
Read More
