(EUR/USD) is chopping within a range and there is still some bearish energy to be digested before the deeper time-frame bullish energy can begin to dominate. We will wait patiently until that occurs…

  The oil ETN (NYSE:OIL) is showing signs of capitulation, but has yet to reach the extremes needed for reversal. We have updated the ivory zone to the next most probable area for reversal, and will hope to upgrade that to a green “buy zone” if confirmation of a bottom can form in the next…

  The S&P 500 index proxy (SPY) is in the same position as we saw last week….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 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.

  L Brands (NYSE:LB) has turned back up to test the red zone on lower power. Nothing new to add at this time as we wait for resolution.

  (EUR/USD) exploded out of the ivory zone on news out of the ECB. This forces us to remain on the sidelines as we wait for a better risk/reward scenario to show itself.