Good Morning,

We have a packed week of data. Earnings, Bernanke, inflation (blah!), and claims.

Technically, we ended last week with a BUFFALO BOUNCE and began this week with a BUFFALO BOUNCE  in the EUR/USD:

Past performance is not indicative of future results

Regarding equities, we still have resistance in tact. I can't stress enough about waiting until resistance or support is approached before entering your trades. The risk to reward is at a very good level and if the resistance or support is broken, you have stops in place and money proper trade management in place. It is always nice to hide behind those levels!

Here is the chart of SPX with resistance holding in:

Past performance is not indicative of future results

Park City and Salt Lake City Trading/Investing Clubs meet Thursday!

Happy Trading and Be Environmentally Cool

Coach Brian

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.