Good Morning,

We are chart heavy today. I don't think I need to address the Federal Reserve as I addressed it in the past two commentaries (and nailed it) and in last night's webinar. The bottom line, our economy is flirting with recession, depression, stagflation, deflation. You name it, you got it and you better be savvy on your trading, defense, protection, income generation, because your investments aren't going to perform like they did in 2008-2010. Welcome to the NEW ECONOMY - one of majore worries and major hurdles and Volatility - yay!!

To the charts. First, forex and the chart I mentioned in last night's webinar, the GBP/USD on long term support:

Past performance is not indicative of future results

Next up is equities and the SPX. I don't think support will hold if our labor data worsens (which the Fed told us it will)

Past performance is not indicative of future results

Stocks that are getting to more attractive levels, XLF, JPM and my favorite, USO:

Past performance is not indicative of future results

Past performance is not indicative of future results

Now for two stocks that look exactly the same: old resistance becomes new support?

AAPL and then AMZN - bellweathers of the tech sector:

Past performance is not indicative of future results

Past performance is not indicative of future results

Finally, did you notice claims today? Not good! Oh yeah, if I didn't mention it, the Fed told us that this data would be bad and probably get worse. Employment data rules as reality sets in!!

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.