For investors, May started out as a month of great promise. On May 1, the Dow Jones Industrial Average climbed 65.69 points, closing at 13,279. Since then, however, that promise has turned to plummet. The Dow posted losses on 12 of the next 14 trading days, ...

Although we have seen a bit of a bounce in risk correlated markets, there is still no fundamental catalyst to speak of that would encourage such a bounce....

We are keeping the count on the dollar’s impressive run. With Wednesday’s close, that is four consecutive bullish trading days and 11 advances in the past 13 sessions.

Blame the government. Blame airline schedules. Blame the wind.

Our Euro short position has hit its first profit target and will continue to hold short while looking for opportunities to buy the US Dollar against the Yen.