Market Update

SPX still in the channel
It may or may not take a stab above 1344
I dont know as yet
Let us wait and watch

DXY at 74
USD is weak but mixed
6% bulls on DXY

EUR has been strong
145 now but I see no reason for this to be here
I think strong DXY weak EUR and weak SPX will sync

GBP
Was at 164 today
This too will peak in sync with EUR
UK is in trouble so GBP should be weak

CHF
89 now
Was at 89 during Japan quake
Time to look for a double bottom - may be

JPY
83 now
USD is a bit strong
Went from 85.5 to 83.5

AUD
Very strong here
105 today
This should also fall below 1
AUD will peak with risk assets

CAD
Today CAD was weaker vs USD
but 96 is multi year low
This should also bottom along with risk assets

Gold
Still in channel
Can go to 1500 territory
But bullish sentiment is huge
This should also peak soon - risk off - gold off

Silver
Mother of all speculation
This should crash on its way down and not bleed
Final target $8 

Oil
Big down day today as well
Record bullishness on oil
Oil should peak along with risk assets like SPX

USGG30YR
Rates should move lower to 430 or lower
Let us wait and watch

AUDJPY
This should touch 2008 lows
Once we see a top - this would be a good way to play the crash - I hope