Gold (Shown here as the ETF proxy GLD) is cycling back down to retest the lows of its recent range. While not a cash flow vehicle, this down leg offers a chance to build a hedge position at what we believe to be an attractive price.

  The S&P 500 index proxy (SPY) continues to drift higher as it challenges the red zone. It is looking like the political risk we discussed in previous videos is coming into play, we will wait and see if this trade survives or breaks above the $212 level to trigger stop loss orders.

  (EUR/USD) building power to the downside and we are forecasting that a retest of the lows near 1.05 is coming…Nothing clear from an odds perspective at this time so we will keep our powder dry until better measurements show themselves.