Good Morning,

Sorry for not posting for a few days. The mid-week holiday in addition to a stomcah bug that hit all 3 of us kind of put a damper on the writing. But, I am back and I have a ton of charts to go over.

First, as always, the fundamentals. We just received some "recent" data in the form of ISM - the headline was higher than expected, as was the employment component (more on that in a moment). New orders stayed a hair below 50 (contraction/expansion level).

Tomorrow, we have Trichet and Bernanke on the docket, followed by ISM Services on Wednesday and claims on Thursday. In addition on Thursday, we get interest rates/statements in the UK and the ECB...

Good Morning,

Another busy day.

Fundamentally, the fireworks continue and there is always the possibility of more.

Although our economic calendar is definitely "in the background", keep an eye on durable goods tomorrow and initial claims on Thursday. I don't provide expectations, but I gather the risk is to the downside in durable goods and for initial claims to stabilize/even get a bit better. "Getting a better" is relative as the 400k number and above is consistent with little to no job growth every month....

Good Morning,

Lot's of action today!

First, fundamentals. Earnings are still somewhat around and news "bombs" from around the world can take place at any time. The biggies this week on the calendar (that we can somewhat prepare for" are:

**durable goods

**initial claims

**CHIPM (check new orders and employment sub-components)

Technically, SPY support still holds:...

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:...

Good Morning,

I truthfully don't know if I want to trade during the Fed. Ever since 1998, I don't know if it has been a profitable event to trade, so I ALWAYS cut my size and usually make one or two trades IF that.  Look back over history and you get about 15 minutes of action and then all of a sudden, the price stops, goes sideways and inexplicably is in the same exact place it was prior to the announcement....