Interest rate differrentials matter.

FX, which hasn’t mattered for years matters!

Spoo/Bond closing under its 200 DMA this week will be the last nail in the coffin for the Bulls.

Yen should trade close to 150, however you can’t Chas direction on a Wednesday!!!!!

EUR/JPY wants to trade closer to 153 and ultimately retest the 2007 breakdown level @ 156.35

The big game in the indices will be tomorrow morning’s ECB meeting.

Gold*IUSDJPY has been consolidating for 6 months. Worth keeping an eye on.

Bruce will be running the show in the A.M.

Writing schedule; if I have something important to say I’ll send an update.

All other work wil be done live in the room.