Happy Pre-Turkey Day.

First off, the early and late games tomorrow are going to be fun to watch. I will NOT sit through another New York Kennel Club Show on NBC with my wife (I say that every year...) And while on the subject of NBC, I think I think I have finally outgrown the Macy's Day Parade, maybe...

To the markets. Let's start with the longer term charts of SPX. All along, 1150 is my "level" based on two things. One, the Fibonacc...

Good Evening,

I haven't posted in over a week as I actually enjoyed my vacation versus trying to work through it. The South Florida temps were just too good to pass up and now that I am back in the mountains, with temps in the teens and snow in the forecast, I am glad I took full advantage of my time down there.

I also was at ease because I went away with light protection on the long portfolio using SPY and the USD. Both trades worked out and the risk management part of the portfolio picked up some nice performance in the Oct-Nov period. I did do some light trading on vacation and we...

Good Morning,

Today was a day you could buy the dips in the USD. Here is a great example of the GBP/USD satisfying a double bottom and at the same time, lining up with the first fibonacci retracement:,,,

Good Afternoon,

Fundamentally, earnings, corporate issuance, international news, interest rate policies, and economic data has been positive. We get some more fundamental data tomorrow with the potential for international headlines (as always), but more specifically, Bernanke is speaking (not positive it will be market moving). Then on Thursday we have claims. That is the bulk of it for the week, so as I said yesterday, whent there is little economic data and no bad news out of Europe, we move up.

Good Morning,

Hard to believe we only have 9 more trading days until November expiration. 

Fundamentally, aside from the European news, we have a very light economic calendar in the US. Highlights will be Bernanke and claims. 

Technically, we are rangebound in SPX and the currency pairs. In currencies, it was a day to fade the moves as the overall trading ranges were small and we had an "inside day". ...