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* The US Dollar slid down about 0.5% into this weeks end after spending the week at 6-month highs. The Buck appears to be gearing up to pullback around 1% before testing resistance so my stance is bearish with a 1-3 week outlook. * The Great British Pound traded in a tight range compared to the average since Brexit. Sterling started last week off plunging to annual lows and accumulated through the rest of the week. I'm bullish on the Pound with a very long-term outlook but I wouldn't doubt the bears will stay in control for another 3-9 months.* The Euro closed Friday with a behemoth 0.75%+ gain after obviously gearing up for upside through the week. I'm confident that this is a breakout conspicuously positioned very close to year-to-date lows. I'm bullish with a 1-3 month outlook. * The Japanese Yen crashed through support last week adding to my confidence that a full fledged bearish reversal is taking place. It seems ever-more plausible considering the effects of Brexit; the UK and Europe suck up globally and blow each other out leaving the Dollar in a high-demand position and the Yen in a high-supply position. I'm bearish on the Yen with a 3-6 month outlook.* The Swiss Franc trailed the Euro, my confidence bullish on the Franc is greater than that of the Euro because my 3-10 year outlook is bullish as well as my 2-5 week.* The S&P 500 sold heavily through last week after the price was jacked up over the weekend. To end the week it dropped a hair-raising $5 under support established in the middle of September, a sign that a correction may be underway. Don't be too surprised if the S&P 500 posts more red next week.* The UK's FTSE 100 dropped and consolidated this week resembling a microcosm of it dropping and consolidating form annual highs reached at the beginning of October. The FTSE illustrated a high-tension trading environment which to me is a bullish signal when combined with the under-valuation prospect afforded by Sterling being down tons. If it drops another 1% I might install it into my T&A section bullish. * Japans' Nikkei 225 performed strongly last week starting off Friday above 6-month highs.* Germanys' DAX retreated from 3 month highs last week, my outlook is slightly bullish considering the Euro is so far down dramatically.* Chinas' Shanghai Composite Index started last week strong and traded mostly sideways and down through the rest of the week. * Hong Kongs' Hang Seng index traded distinctively down last week, an alarming signal for bulls as the 1 year chart appears to be in the midst of a pullback which could bring losses as severe as 15% compared to highs reached in September.
