Market observations

Below are some great charts that I was discussing with Matt Fraily at breakpointtrades.com. I highly recommend that you sign up for the newsletter using the form on the side of my blog. Matt, run's a very high quality service and has some really good automated/mechanical systems that are not available anywhere else. We work together on a lot of them. There will be some great products coming from the site related to mechanical systems and proprietary indicators that will be out soon...it's definitely worth a look.

Clearly the dollar pattern is maturing nicely and being confirmed by the inverse indexes. These inverse indexes are the 1x unleveraged versions. They reflect the market patterns much better plus they do not lose 50% of their value due to manipulation and slippage.

The charts are very well commented...I will be posting more prior to the open

The ghost fleet of the recession...

The biggest and most secretive gathering of ships in maritime history lies at anchor east of Singapore. It is bigger than the U.S. and British navies combined but has no crew, no cargo and no destination  -  and is why your Christmas stocking may be on the light side this year