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Tables & Charts for Thursday, Jun 7th, 2012

Posted: 07 Jun 2012 09:03 PM PDT

Bill Cara's Blog for Jun 7, 2012

Posted: 07 Jun 2012 04:00 AM PDT

CTA Trading Desk Morning Report

[7:00am ET] Good morning, Geoff here.

Ok, yesterday was what I would call a short squeeze. The dollar continued its decent and the equity shorts capitulated and drove the market higher.

Here is an update on the charts that yesterday I told you had to improve, which they are:

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<img src= " title=" [inline:ggimage02_060712.png] " class="inline" width="700" height="312" />" title="" title="" class="inline" width="700" height="312" />" class="inline" width="700" height="312" />

This improvement is occurring because the US Dollar continues to show signs of topping and the Euro is moving higher.

<img src= " title=" [inline:ggimage03_060712.png] " class="inline" width="700" height="530" />" title="" title="" class="inline" width="700" height="530" />" class="inline" width="700" height="530" />