Recent Articles in Currency Reports

We note that the U.S. dollar weakness we have been writing about continues to gain downside momentum and we believe it has downside potential to 85. Included in the report we reiterate the upside target for the U.S. 10 yr. yield of 3.03%.

After reviewing a number of key global indices, we remain convinced that further testing of the recent low is needed before we recycle back to a bullish phase. Negative Money Flow Units have formed in most of the indices reviewed which calls for an undercut of the recent low.

Please find this weeks Technical Tuesday report where we highlight a handful of market indices at important inflection points.  Also note that a more extensive coverage of currencies and commodities will be published as separate reports. Please let us know if you would like to receive them.

There have been a lot of moving parts recently in the currency markets and here we have updated some of the charts that we highlighted in our January 2nd Technical Tuesday report. The U.S. Dollar index - DXY has achieved our 90 target, but we suspect the odds have increased for a stronger move lower.  The JPY and Renminbi looks weaker from here, as well as the Swedish Krona and Norwegian Krone.

Please find the current thoughts on a basket of currencies.

In this weeks report, we highlight some market indices that have achieved important price targets and where the odds of a pause/pullback is likely to occur.  We don't have large distributive price tops forming so this is not a bearish call.  We think its part and parcel of a pause that refreshes and helps strengthen the rotation that has been taking place.  We have written about the money flow improvement in Financials, Energy, Consumer Discretionary for some time now and more recently Materials.  We like these areas of the market.

In this weeks piece, we continue to highlight a handful of U.S. indices that have achieved important target zones where the odds have increased for a pause/pullback to occur. In Europe, the DAX looks very favorable, and the CAC continues to trend well. We review thoughts on Asia and copper which has been slowly moving higher.  Happy Holidays and a prosperous New Year!

Both the U.S. Dollar and the Euro have reached their short-term targets and are likely to reverse.

The S&P 500, MDY, Russell 2000, SMH and Dow Utilities have achieved important target zones where the odds of a pause/pullback is likely to occur.

The Nikkei remains on target for 24500. The recent momentum peak may put a pause on that call for now.  Gold basing...starting to shine.

In this report we are covering a number of markets from currencies, commodities and indices that we think you should be looking at.