Last week provided the key bearish reversal I've been looking for... Weekly reversal patterns at critical inflection points provide excellent swing highs to trade against. I have key weekly bearish reversals on the following markets I follow: SPX, ES, DJIA, Nasduck Composite, DJU, HYG, JNK, SOX, EUR/USD, GBP/USD, DXI, Crude Oil and Brent Crude. This […]

Significant declines across all asset Markets with US equities down 2.5%, Europe down 3.0%, Gold down 6.4%, Silver down 8.3%, Crude Oil down 3.4%, US 10 year Yields rose 8.0%, etc. despite the $42.7bln liquidity injection to the primary dealers. There was nowhere to hide today except in cash as bonds, stocks, commodities and PM's […]

Love it when a plan comes together... Bernanke followed the script perfectly. SPX reversed down hard from my sell zone, GBP/USD accelerated lower, EUR/USD printed a bearish daily key reversal from trendline resistance and Sugar continued its march higher. GBP/USD wave ii corrective 3 wave bounce stopped at 0.618 retracement of the wave i decline and […]

US equity markets continue higher with higher risk indices leading the way. Strong liquidity provided by the Fed today ($17.8 bln) and Thursday ($42.69 bln) is providing strong support to the equity markets. The Philly Semiconductor Index (SOX) made new highs for the year today, confirming that the recent decline was merely a correction in […]

Looks like both the EUR/USD and USD/JPY are forming 4th wave symmetrical triangles here, while the GBP/USD is in the latter stages of an ending diagonal 5th wave. Looking out for a reversal in the next 24 hours for the US$ to resume its upward trend.EUR/USD - Waiting for one more marginal high above 133.91 […]