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 into a new green zone that what we…

  (EUR/USD) continues to push lower and we have a new ivory zone to work with as we anticipate being able to upgrade the ivory zone to a green “buy box” in the next few weeks.

  The S&P 500 index proxy (SPY) has topped out and the lower high that we have been forecasting has now formed. We would expect to see the bears regain control of the trend and push this market lower in the week to come.

  Hasbro (NYSE:HAS) has tested some minor support and may need to cycle back once more into the red zone before a sustainable reversal can form.