Chart 1 displays the percentage of sector bet-related assets, as represented by the Rydex Sector Funds, that were invested in each sector of the S&P 500, as represented by the iShares Select Sector SPDR ETFs, through May 11th.  …See More

-- The VIX made a second daily close above the Head & Shoulders neckline at 20.91 today. This opens the door for a very strong advance in a potential third of a third wave. It is probable that last Friday’s minor low qualifies as an early Trading Cycle pivot. If that is the case, there may be another month of rally left in the VIX. The probable target for the entire move may be the Cycle Top resistance at 40.32. -- SPY is in the process of breaking through yet another (down-sloping) Head…See More

Bank of England Released its Quarterly Inflation Report which raised inflation forecast with CPI seen above 2% for the next year or so. GBPUSD broke a key trend line late yesterday ahead of the report and found key support at the .382 retrace of the year and the 200 WEEK moving average area.…See More

Once again, the S&P 500 Index e-mini futures (ES-M2) are trading higher by 7.50 points to 1335.75 per contract ahead of the opening bell. The real test for the stock market today is going to be where it closes. Over the past two weeks the major stock indexes seem to sell off into the closing bell erasing the morning gains. The latest problem in Europe seems to be put off for a little while as Greece will hold new elections on June 17, 2012. While this election may not really matter it buys…See More

To receive the full version of the Coffee Cup News each morning and much more, please visit www.stantonanalytics.com and become a subscriber Expectations for the DOE inventories are as follows: Crude: +1.5 mb; Mogas: -1.0 mb; Dist: -1.0mb.The API’s are as follows: crude: +6.5mb; mogas -2.6mb; dist -1.5 mbIt is a toxic combination. The global slowdown and burgeoning supplies; A Greek run on their banks and fear that it will spread both internally and…See More