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.

  The S&P 500 index proxy (SPY) has made a double bottom on its daily chart, and it seems that the Santa Claus rally may be beginning. Our analysis still shows this to be a coin flip environment, so caution is in order.

  Freeport McMoran (NYSE:FCX) offered some nice profits twice on an intra-week basis, but failed to trade within the blue profit zone and stopped out for a loss.