January 15, 2013
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Market Overview
Consequent to the extremely large decrease in the S&P in New York Monday in Asia Tuesday Position traders
aggressively sold Stocks on the Sydney Tokyo Opens. Shortly before the Tokyo Open Japan’s Ministry of Finance
(MOF) reported the Current Account for November as a deficit not only significantly greater than both analysts’
expectations and also deficit for October but even record large or data refuting much of recent Japan’s economic data
and indeed detracting greatly from Japan’s plan to use enormous unprecedented Quantitative Easing (QE) to inflate
Japan’s economy, which data indicating gravely deteriorating conditions in Japan did not though instigate Daytraders
to agitate in markets generally and even only little in Forex Pair JPY/$ specially. On the Shanghai Open traders
observing much lower Stock indices in Sydney Tokyo too sold Stocks; but unlike in Sydney Tokyo Position traders
did not continuously sell Stocks, so that soon thereafter Position traders bought Stocks thereby pushing Shanghai
Stock Exchange Composite Index (SSECI) alone into positive numbers. Eurozone divulged no significant government
data; but on the Frankfurt London Opens Position traders as on the Asian Opens aggressively sold Stocks, and they
also gradually sold JPY/$ AUD/$ CAD/$ CHF/$. After the London Open UK’s Office for National Statistics (ONS)
reported both Consumer Price Index (CPI) for December as having increased Year on Year (YoY) by quantity about
equal to analysts’ expectations and CPI YoY increase for November and also simultaneously Producer Price Index
(PPI) for December as having increased YoY by quantity more than both analysts’ expectations and PPI YoY increase
for November or all data confirming Bank of England’s (BOE) rating of inflation prospects expressed in recent BOE
Meeting Minutes, which data expected and stable still provided opportunity for Daytraders to agitate in GBP/$ thereby
pushing the Pair toward the lower end of the Trading Session’s range. Before the US Stock Market Open Commerce
Department (DOC) Retail Sales for December as having increased Month on Month (MoM) only incrementally more
than analysts’ expectations but less than Sales MoM increase for November or tenuous data confirming Labor
Department’s (DOL) calamitous monthly Employment report divulged Friday, which report infirm if expected still
instigated Daytraders to agitate little only in Treasuries and not other markets generally. On the Stock Market Open
Position traders gradually bought Stocks and S&P on good Volume, but for the most part they did not trade much in
other markets generally. Into the Trading Session Close Position traders continued to buy Stocks S&P GBP/$ but sell
JPY/$ AUD/$ CAD/$ CHF/$; so S&P GBP/$ Closed near Session Highs, and JPY/$ CAD/$ CHF/$ all Closed near
Session Lows.
Upcoming Reports
1/15/14
Gross Domestic Product (GDP)
Trade Balance
Producer Price Index (PPI)
Federal Reserve (Fed) Beige Book
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Germany
Eurozone
US
US
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Energies
Crude Oil
 Crude Oil had a high of 92.88 and a low of 91.50.
 Crude's OI Report Tuesday described Monday very small OI increase
with large price decrease on moderately small Volume.
Tuesday Crude traded moderately much higher on moderately small
Volume.

R2
R1
PP
S1
S2
93.70
93.15
92.32
91.77
90.94
Last 24 hours
Natural Gas

Natural Gas had a high of 4.381 and a low of 4.287.

Gas' OI Report Tuesday described Monday moderate OI decrease
with extremely large price increase on moderately large Volume.

Tuesday Gas traded much higher on moderate Volume.
R2
R1
PP
4.44
4.404
4.346
S1
4.31
S2
4.252
Last 24 hours
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Energies
Gasoline (RBOB)
 RBOB had a high of 2.6386 and a low of 2.5987.

RBOB's OI Report Tuesday described Monday very large OI increase
with moderately large price decrease on moderate Volume.

Tuesday RBOB traded little lower on moderately small Volume.
R2
R1
PP
S1
S2
2.6598
2.6411
2.6199
2.6012
2.5800
Last 24 hours
Heating Oil
 Heating Oil had a high of 2.9462 a low of 2.9177.

HO's OI Report Tuesday described Monday moderate OI increase
with small price decrease on moderately large Volume.

Tuesday HO traded mixed and little changed on moderate Volume.
R2
R1
PP
S1
S2
2.9619
2.9491
2.9334
2.9206
2.9049
Last 24 hours
Disclaimer
2.9603
2.9271
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