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Euro (EUR/USD):The Euro is on a sell signal and trading near its short-term downside target of 1.2150.A close below confirms a more significant down-move. 

Euro (EUR/USD): A close below confirms a more significant down-move. The Dollar Index finally made a bounce and is now close towards its firs short term upside target. The Euro not surprising is very close to its short-term downside target. However, to get a confirmed reversal i.e., a stronger Dollar we need to see a good close above 90.85. GMTT publishes three weekly its GMTT research report covering the following: Global Indices, VIX, a selection of stocks, Treasury Bond, Commodities, Soft Commodities, Currencies, and Bitcoin. Sign up for a free 14-day free trial: Our View No matter the cau...

First Week is a Winner After trading in a 31.25 handle overnight range, the S&P 500 futures opened Friday’s cash session at 3765.75 and traded the daily low of 3663.75 in the initial minutes before heavy buy programs came in pushing the index futures higher throughout the early morning, up to 3803.25 just after 10:00. From there, the futures would trade sideways for the rest of the morning, through the noon hour and early afternoon. The index printed the daily high of 3804.00 just before settling at 3797.25, up 81.50 handles or +2.18% on volume of 1.2 million. In terms of price action, it w...

Crude is on a buy signal and gives a next upside target of 53.60. XLE gives a next upside target of 43.65. Suggested sell stop are for Crude 50.25 and for XLE 41.15.   Nat Gas (FEB) Next upside target 2.82.

“I change the things I can change I accept the things I can’t” I wrote that when I was thirteen-years old and now just shy of 5 decades, it’s still my guiding light / principle. It’s been a long four weeks. And the last two days may have taken its toll on a lot of folks. No matter which side of the political pool you swim on, the water has become murky. I’m not a fan of politics. Just as oil and water, they don’t mix. However, last year was a year of polarization. And my heart goes out to anyone who feels pain.