Good Afternoon,

Thanks for listening in on IBFX's "Open Discussion on Technical Analysis" webinar last evening. We stressed the importance of fundamental analysis when setting up a technical analysis-based trade (and trading parameters).

Today's fundamental data took a backseat to yesterday's news and we swung wildly all day long. But keep in mind, we do seem to have the possibility of flattening economic data and we have to decipher what that means for the financial markets including interest rates (forex) and equity prices. Is good news now bad for the equity market? Is bad news good for the equity market? In the past, good and bad news has been good fro the equity markets.

Tomorrow is Friday (ahead of the long weekend). Will we have the first Friday selloff since OCTOBER 19TH. That's right. We haven't had a big Friday selloff in 7 months. Will Bernanke's statement/long weekend combination get us to sell off? Remember, the Fed is still in play. So keep that in mind. Final fundamental reminder for the week as claims were as expected today is durable goods tomorrow.

Technically, sound resistance in SPX is 1670 and then the high print at 1687. In forex, ranges were bigger than usual and we did get the ever so rare move/counter move as equities found their footing.

Should be another good day to trade tomorrow, so be prepared!

Happy Trading and Be Environmentally Cool

Coach Brian