(opposite to Fed). This is one of the problems in Europe - too little liquidity. we will see

but that is also a kind of argument in the debate about China as a currency manipulator. Look at the latest current account that was weaker than expected and the USD/CNY exchange rate.

does anyone have current max pain?

could coincide with the end of hurricane season

Brent oil breaks resistance in both 60min and daily and breaks MA200 in daily charts. Receives a buy signal in MACD as well. Brent is a better indicator for macro than WTI as brent has taken over WTI as the leading quality in the oil market. The WTI price seems to be more dependent on domestic US factors.

(I hope you bought some marketguy, as you mentioned  )

follows copper and will probably not turn up before copper (and China). FCX is however interesting as its now trading at P/E 5 which is the same P/E ratio at the bottom 2008.

BPT do have a lot of foreign clients and you can also trade in the futures market

http://marketsci.wordpress.com/2011/08/31/seasonality-map-for-september-2011/

The best way for Fed to have a positive stock market reaction is to devalue the USD. Whatever news Fed deliver, the first reaction may be a initial down reaction in both stocks and USD, but looking at the reactions on the monthly job reports, the dropping USD may give the stock market a boost at the end of the day. Just a thought.

after following the numbers for some years i think that the best interpretation of COT is not that is may show us what will happen - it just shows us whats most hot right now - and that is always interesting information. in that sense its best to look at what speculators are doing right now (last week) - increasing or decreasing?   

at last a new alert 

FCX triggers a short