I will start this week with overview of the Euro.
1.2480 looks like a monster, but I assume it will produce only a temporary reaction after TL fakeout and then go up to KZ (1.2570-1.2600).


The weekly chart shows a great potential for games around 1.2.

Right back at the all-time high after the 'hard roll' and 1-min TL break and fake.

Another shake now?

Or just up and over?

New all-time highs today, both intraday and closing, for the S&P and the Dow, but the trannies just smoked and blew out the previous all-time high set Friday, which blew out the all-time high that was set on Thursday, which blew out the all-time high that was set on Tuesday, which blew out...

For fun, based on my data, the trannies were up 5.82 times as much today as the Dow on a percentage basis! Is that smokin', or what? I can totally see traders heavily invested in their retirement accounts, just waiting on that Dow 43,000, and then retire. Trade it until then, let the retirement money run, then call it a day because when that 'bull' breaks, every system we know will be collapsing, and there won't be any trading (or if there is, good luck getting your money and not getting 'Corzined'). This is all, of course, my opinion, and is not (nor will I ever be giving) 'advice'.

Take a look at a BABA chart. Looking good. It's now bigger than WFC, GE, and WMT. Cool. It doesn't have to go up much more to be bigger than Berkshire, GOOG, MSFT, and even Exxon Mobil. Very cool, especially for a Chinese company. It will take them awhile, though (maybe a few weeks?) to be bigger than AAPL. But, if they make the run I expect, they may be the first U.S. company with a trillion dollar valuation.

Think about this. PCLN recently has a share price of just under $1400. If BABA hits just $260 it will overtake AAPL as the largest market cap company. Just $260! If it gets to just over $400, it will have a market cap over a trillion dollars!!! Now, think about this. WMT has a market cap of about say $256 billion. If BABA hits the same price that PCLN did, it's market cap would be about $3.3 trillion!!!!!!!!!!!!!!! 'You can do it!'

Think that can't happen? What will BABA be if the Dow hits 43,000? I just know I'm holding out on my long-term calls on BABA for that $1400. Let's see, leveraged at what ratio, and a how many-fold rise is that, and how much can I buy Hawaii for, and... /sarc

Not that it's a be all end all stat, but BABA has about 1% the number of employees as WMT.

It reopens very weak. I'm curious about this.

There's another new all-time high, taking out the new all-time high from earlier today. Yawn (for those that don't understand the translation, this is a yawn of boredom at how straightforward all this action is, not a yawn from me being tired from always sleeping so little).

Time to move on up to my area.

Here's the ES game. It's all games, but this is the 'stop run' game, a variation on what I coined long ago, the '1-2-tick game'.

http://www.zerohedge.com/news/2014-11-14/stop-hunting-algos-dominate-sp-500-today