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The Canadian Dollar remains intimately tied to the broad trends in investors' risk appetite, with prices continuing to show a strong correlation with the S&P 500. In fact, the relationship goes beyond USDCAD, with a trade-weighted index of the Canadian unit's average value against its leading counterparts likewise showing a significant relationship with the benchmark equity index.

Selling by computers responding to break below S&P 500's 1120 support likely, however a brief but sharp technical rally should develop - Astute traders buy only.

Two Month Trading Range due for breakout, Heavy volume needed for big move up. Downside breakout could reach DJIA: 9,460 - 9,680 (S&P 500: 1020 - 1030)

Without some good news out of Europe, early trading stands to produce a downside breakout in the market and in coming weeks DJIA 9,680 , S&P 500: 1012.

In the US stocks kicked off the first trading day of 2013 with a sharp 2-percent rally across the board, with the S&P 500 and Nasdaq logging their best gains since December 2011, as wall street celebrated the last-minute budget deal by lawmakers to avert the "fiscal cliff " that would have pushed the economy into recession. The CBOE volatility index tumbled below 15.... Get The Stock Tips For Today here- http://onlinetradingttips.blogspot.com

Stocks fell lower today, extending Septembers losing streak. Financial stocks once again led decliners as the European Unions deteriorating crisis retakes center stage.

While Bernanke's latest announcement said nothing he didn't say in Jackson Hole, Wyo. last month, the lack of movement of the central bank in terms of implementation of economic growth strategies did not sit well with investors.

Clarification on Europe and the US economy needed before Big money pulls trigger. 12-member supercommittee to become critical factor in confidence in government.