The Italian and Spanish economic troubles translated into currencies around the world falling relative to the US Dollar. The Dollar's rise caused US Stock markets to fall sharply, with the Russell 2000 Stock Index Futures falling 4.8% to 716.40, a massive one-day drop.
Coffee, the BLOG's only active position fell and then recovered to finish nearly unchanged.
The new signals for tomorrow appear below. It will be difficult to short the Euro and Gold after their dramatic falls today. However, for the technicians in the crowd, the Euro appears to be in a classic Head and Shoulders formation, indicating further declines ahead. Price target: 130.
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