Gold (Shown here as the ETF proxy GLD) is fighting to reverse, but the bears still have some power that needs to dissipate before a sustainable bottom can form. 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…

  (EUR/USD) continues to push lower and we maintain our forecast for a retest of the lows near 1.05…Nothing clear from an odds perspective at this time so we will keep our powder dry until better measurements show themselves.

  The S&P 500 index proxy (SPY) has topped out, but we warn that the top is likely not quite in yet. We are forecasting that there will be one more failing bullish push before a sustainable top can form which will turn price.

  L Brands (NYSE:LB) is the parent company of many common brands such as Victoria’s Secret, Pink, and Bath & Body Works. Having had a nice run recently, this stock is showing signs of reversal. There is still a bit of bullish energy out there, so we are forecasting that one more failing rally will…