Good Morning and Happy New Year!

As I mentioned in late November, once ski season hits, my posts become a little more infrequent. You can still follow my intraday updates that compliments my daily market commentary at IBFX's Connect Site.

I have a lot of charts to post, but before that a quick trading psychology lesson and a quick fundamental update....

Good Morning,

As of now, the SPX is basically flat for the year. Think about everything that the markets digested this year and how we have hung in there. Will there be more to digest in 2012? Absolutely. Will the markets take it in stride and rally higher? All indications are pointing that way. But if not, are you in a position to profit from it? Even if you are an investor, you MUST be in a position to profit from sideways or bear markets as your returns may not keep pace with inflationary pressures.

No I am not talking about inflation that the Fed looks at. I am looking at potential cuts in salary, maybe even layoffs and add in utilty rate increases, health benefit increases (employer benefit decreases), the potential for food price increases, etc...

Good Morning,

A quick post as I am finished trading for the day and wanted to get something out to my audience. Today's action is quite important as it provided intra-day opportunities and an opportunity to put on the monthly protection.

First off, here is a DOUBLE FALL LINE TRADE in the GBP/USD as we have small ranges, but significant retracements:...

Good Morning,
Looks like the 1260 area in the SPX was too much to overcome given Europe's lengthy solvency process. Underlying this, please, please look at the Economic Calendar - the US economy has been improving, is improving and seems to be improving at an even faster rate! Retail sales were good, job claims are amazing, manufacturing data is up. So, maybe, just maybe we will get the Santa Claus rally....

Good Afternoon,

Please help in dancing and praying for snow and supplying the "storm that saves Christmas". We could use some fresh powder in Utah and for that matter across the globe!!

The markets reacted negativel to the Fedspeak that came out about an hour and a half ago. For the first time in a long time, the markets reacted how they should to a weaker than expected Federal Reserve statement.

Two things of importance:

1. "unemployment rate will decline only gradually toward levels that the Committee judges to be consistent with its dual mandate"

2. "extend the average maturity of its holdings"...