Second Skies

Things just started off bad for Europe with a 1-2 combo of the Dutch political turmoil with the P.M. resigning his post over the budget cuts and austerity fiasco adding to the already unstable...

Whiff – Data Misses On All FrontsStocks fell globally starting with the first whiff of the day – the Spanish Bond Auction failed to meet its target while the 10yr yields climbed continuing...

Stocks in the US had their largest single-day gain in a month as the German ZEW (sentiment) came in at 23.4 with a largely expected 19 print, along with the 12 and 18m Spanish bond sales and 10yr...

In spite of stronger-than-expected US retail sales, Spain continues to be the thorn in the side of the EU recovery.  Mostly because Spain is several times larger then Greece and since...

A smaller-than-expected trade gap followed by surging exports gave global investors the flavor of the day and the newest excuse for the bull run is for real, the markets are recovering, and nothing to...

European and US indices gained back some of the losses from the pain they have been feeling over the last few days, gaining solidly across the board with the Dow up 89.46 points or .7% and the S&P...

The Dow lost over 200 points yesterday in its worst day of selling for the year with the sell-off accelerating as the $%#$ that has hit the fan is finally starting to stick in investors minds. The...

Already slightly up but cautious ahead of the FOMC minutes, the USD beat up the majors across the board as the Fed gave no new hints or comments about upcoming monetary easing or bond buying to...

After spending all but three days below the daily 20ema, silver has formed a HL (higher low) and from a daily pin bar setup last Thursday.  Since then, it has held the gains, and for the first...

Prices of oil fell sharply today after the allied forces joined hands again, this time in a price war against the rising cost at the gasoline pumps threatening any recovery in the US and abroad as the...

So much for no more QE3.  Bernanke gave the markets the juice they were looking for when he talked about the only way to reduce unemployment was to keep an easy and accommodative monetary policy...

After dropping over $160 in the month of March, gold found its luster after being trapped in a $30 range since the 14th of March between $1630 and $1662.  Today the metal broke the stalemate...

Across the board, the entire G8 block sold off against the JPY with almost everyone of them having the exact same trigger (engulfing bar which we mentioned on the last NY Close commentary)....

As we wrote about yesterday in our forex market commentary (NY Close), the EUR/JPY formed a bearish engulfing bar, the first in almost a year (above the daily 20ema) which was sure to set...

After taking out the yearly highs and climbing for 6 days in a row, it turns out 7x is not a charm as the pair ran into sellers just 12pips shy of the Nov. 2011 swing highs at 111.54.  For the...

I wrote in my facebook page earlier how I was watching for price action triggers going into the London close as the Aussie approached a key support level at 1.0423.  Price has since...