In the longer term in the index, been warning over the last few weeks of the increasing big picture negatives, and in turn raising the risk for at least a few months of correcting lower. The market reached a high at Jun 7th at 88.70 (testing the bearish trendline

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$ Index, Looking to Short Higher Levels

$/yen in has broken above the 91.00 area resistance, but into the important longer term resistance 92.00/50 (ceiling of the longer term falling wedge). Though these patterns break down into 5 legs suggesting a final fall back to the Nov low at 84.90 and even the base just below (see…

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Eur/$ and $/Yen, Couple of Quick Notes

The ongoing struggle between the government of Greece and its European friends is playing a hearty role in depressing bond yields around the world. The longer the discord continues, the longer it will maintain an emphasis on how much of a bind that leaves the European Central Bank, which no…

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Eurozone Worries Maintain Bid to Global Bonds