The SPX 500 sits about 8 points lower than the close on the S&P 500 (as of 7:30am EST). We have continued in a range from 1,280 to 1,225 area and now beginning to form a wedge. As usual any news out of Europe will drive the...
Read MoreThe Swiss National bank has set a floor peg on the Swiss Franc to the Euro at 1.2000. Since the floor peg has been set we have continued to trade in channels. This type of price movement creates a range that can be good for a...
Read MoreTuesday as of 8:25am EST we sit about 10 points lower than the close on the S&P 500. Yesterday we had exceptionally low volume on the S&P 500, with such light volume we could be in for a large move in either direction....
Read MoreThe SPX 500 rallied overnight up to the 1,271 area and now sits about 5 points lower than the close of the S&P 500. As Europe begins to shift political leaders around, the markets may begin to focus back on the US. Next week...
Read MoreFor the month of October equity markets rallied and as you can see the USD had given up most of its gains because they tend to have an inverse correlation. We are currently just above the 9,740 area which came in as a major...
Read MoreThis morning we have the SPX 500 about 13 points higher than yesterday’s close of the S&P 500. Today is a US Bank holiday, but volatility can still occur without much volume or significant follow through. We may see a...
Read MoreWe have the SPX 500 down over 29 points (as of 8:20am EST) from the close of the S&P 500. The SPX 500 slightly broke the 200 day MVA, but has continued to sell off as Berlusconi had announced his resignation. The Italian 10...
Read MoreThe AUD/USD has continued to sell off with the rest of the markets as we had Berlusconi announcing his resignation. For the month of November the trend is downward and we are slightly below the 38.2% Fib retracement level. The...
Read MoreThe SPX 500 has gained about 7 points since the close on the S&P 500. With positive news coming out of Europe the markets seem to be rallying, however we may remain in a range from 1,225 to the 1,290 high as market sentiment...
Read MoreTuesday evening (11-08-11) we had the Australian trade balance release which came in less than the expected 3.02B and actual was 2.56B. The AUD/USD continued to decline (about 70 pips) after the release until about 2:30am EST....
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