We believe the Fed will follow what the market is telling us and not tapering would almost be the bigger surprise in our opinion. JAN14 crude oil is down $.84 to $96.66, after not being able to break higher above the $99 level.
An investor bought $5.12 million in call options that will be profitable if the Chicago Board Options Exchange Volatility Index jumps at least 50 percent in the next four months.
This is the third sell signal I have seen in the Canadian dollar since the trend has changed back to down in mid-October on the daily chart. I especially like this this sell signal because the Canadian hit the 20-period moving average, which has traders taking profits.
CFTC Commissioner Mark P. Wetjen is poised to be voted acting chairman of the top U.S. derivatives regulator within days.