Dollar, Euro, Gold, Silver, and VIX Poised For Reversals

Numerous factors and markets are telling us the odds of short-to-intermediate-term reversals are elevated for numerous markets including silver (SLV), gold (GLD), the U.S. dollar (UUP), the euro (FXE), stocks (SPY), and the VIX (VXX). The objective of both fundamental and technical analysis of the financial markets is to help us better understand the risk-reward ratio and relative attractiveness of a wide variety of investments. Since no chart or annual report can help us predict the future, our study of markets deals in probable outcomes.

The possible drivers for market reversals in dollar, euro, gold, silver, and VIX include:

* Concerns about Irish debt

* Uncertainty related to the G20 summit

* High levels of optimism (bullish sentiment/contrarian indicator)

* Near vertical, and correction-less ascents in numerous markets

* Mania-like moves in gold and silver

* Stretched valuations (more)