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Forex Outlook

EURUSD
Short bias under 1.29264

GBPUSD
Short bias under 1.60067

USDCHF
Long bias over .93160

AUDUSD
Short bias under 1.04341

United States Oil Fund USO

USO short under $31.  Target 29.50.  Wish I got in this one after the hammer formed 11/19

United States Natural Gas Fund UNG

Long setup over 23.50.

Citigroup Inc C

Short setup under 34.90.  Target 31

Barclay's High Yield Bond SPDR JNK

Channel intact.  Looking for break in either direction.

Amazon AMZN

Amazon's 237 resistance was broken last Friday.  Today AMZN post a doji, signaling indecision.  Look to the prior resistance are to turn support around 234-237.  Target 250 for next resistance, 

Another good short entry point S&P 500

Looks like the past support is turning into resistance around the 141.00 level of the SPY SPDR. Price is being rejected by the 50 EMA as well at 141.  Short, target 135.

Flagstar Bancorp Inc. FBC

Flagstar has been on a tear since it's reverse split.  They finally turned a profit 2nd quarter of 2012, and reported profit again in 3Q.  Looking exhausted on weekly, could fall back to EMA's around 12.50, opening up a good entry point.  Over 20 continued upside.  Very bullish

Over 17 continued upside on daily.

Aegion Corp AEGN

Aegion has had a great run since October 2011.  Recently price respected the weekly trend line around 17.90. 

Looking at over 20 for a further upside push. Target 22.