The Swiss National Bank abandoned it's peg between the Swiss Franc and the Euro this week. It's caused huge losses already. Three brokers and one large hedge fund have already gone bust and losses by brokers and bankers have already been disclosed of over $500m. But why did the SNB abandon the peg this week? I think it has more to do with the mortgage market and news out of Hungary than anything else. Stay tuned for more repercussions from this historic egg-on-face announcement.

The Swiss National Bank abandoned it's peg between the Swiss Franc and the Euro this week. It's caused huge losses already. Three brokers and one large hedge fund have already gone bust and losses by brokers and bankers have already been disclosed of over $500m. But why did the SNB abandon the peg this week? I think it has more to do with the mortgage market and news out of Hungary than anything else. Stay tuned for more repercussions from this historic egg-on-face announcement.

Is there a limit to what Central Banks can do? If there is, here are 5 potential trades to profit from. Trades that go against the policies of the Bank of Japan, Swiss National Bank, Bank of England, ECB and US Fed. These trades might take a while to play out, but they are worth watching.

Is there a limit to what Central Banks can do? If there is, here are 5 potential trades to profit from. Trades that go against the policies of the Bank of Japan, Swiss National Bank, Bank of England, ECB and US Fed. These trades might take a while to play out, but they are worth watching.

A couple of days ago 2,001 was the critical level. Now we're through and pressing much lower in the after-hours. Looks like this is turning into a down trend - remember to look for breaks of Support on the daily charts to signal this. Let's see where this goes.

A couple of days ago 2,001 was the critical level. Now we're through and pressing much lower in the after-hours. Looks like this is turning into a down trend - remember to look for breaks of Support on the daily charts to signal this. Let's see where this goes.

Emini bounced off 2,001 this afternoon. But it's formed a critical Low. This has to hold for the uptrend to be confirmed.

Emini bounced off 2,001 this afternoon. But it's formed a critical Low. This has to hold for the uptrend to be confirmed.

Nice little Emini sell-off today. Had to take a couple of bites at my second Short trade because I got scared out. But when it started going my way again, jumped back in. We're in a downtrend again - at the end of Friday's trade. So let's see when this goes.

Nice little Emini sell-off today. Had to take a couple of bites at my second Short trade because I got scared out. But when it started going my way again, jumped back in. We're in a downtrend again - at the end of Friday's trade. So let's see when this goes.