Daily ES/SP500 system have initated new shorts over the last few days. The TF Daily system initated a short on the close yesterday and will likely add today. While the weekly systems are still short, having built nearly full size positions and expecting a drawnout and painfully large drop into the end of the year.
Brazil will use the upcoming G20 meeting as a forum to complain about the Fed's decision to print billions of dollars to bolster the US economy, Brazilian finance minister Guido Mantega said.
Mr Mantega told reporters the Fed's decision could aggravate imbalances in the global economy.
"Everybody wants the US economy to recover, but it does no good at all to just throw dollars from a helicopter," Mr Mantega said. "You have to combine that with fiscal policy. You have to stimulate consumption," he said.
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