The S&P 500 index proxy (SPY) is extremely unstable as the bulls and bears battle for control. We still see that there is bullish energy that needs to dissipate before the true bearish nature of the supply/demand balance can be expressed fully.

  The oil ETF (NYSE:OIL) is showing signs of reversal, but this is an intensely political commodity…so the news headlines will likely be the catalyst for any reversal.

  The Gold ETF (NYSE:GLD) Has formed a solid bottom on its daily chart, and is just waiting for a catalyst to accelerate price to the upside.

  (EUR/USD) is pushing lower out of the ivory zone. We are waiting for a long opportunity to form, and will continue to wait for better odds to show themselves.

  L Brands (NYSE:LB) traded down to our amended profit objective and after offering the chance to exit with profits in the blue zone…price has pushed strongly higher.