Waiting on the trade balance for Canada, eh? Well, at 8:30 EST we’ll get Canadian capacity utilization, import and export figures and the trade balance. The consensus is expecting an improvement on all counts. And though imports and exports are expected to pretty much offset each other, the gains from the prior period are expected to favor exports.

While we’ve been profiting from the current rallies on index related securities, it’s important to keep track of what might get in the way of these moves continuing as the daily charts extend to targets.

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It took a major meltdown to jar them from their biases but the intellectual powers that be, from the Hudson and Charles rivers to the shores of Lake Michigan, finally are giving serious credence to the reality that most people, even professionals, don’t and even can’t act rationally in the face of making risk decisions. The list of the ways we don’t act rationally is limitless and defies categorization (believe me I have tried) but there are a few things I can definitively say about taking the next step in a real understanding of “the brain on risk”.

Euro Forex - 03/08/10

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Preview this week's market with the Monday report: Euro Forex - 03/08/10
For the rest of the week's reports, read the full article.

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I’m never one to pass up mentioning a key negative divergence in price and market internals, and we had another one set-in on today’s market action. Divergences aren’t perfect, so let’s look at the structure of the most recent development, this time using the NYSE Index itself to compare to its internals.