The stock market is extremely resislient as institutions place huge bets on QE3. I also think QE3 will come but just not yet. I think the market will be disappointed after the Fed releases its statement on Wednesday the 25th. We will then go on a correction in my opinion.

Treasuries are a short long term. If stocks correct here then it is possible that we make another run up but again, a lower high. I see much lower prices ahead as the printers are preparing to go hyperspace.

The euro did hit a near term bottom and bounced. I think we should see a high within a couple more trading sessions and start consolidating at these lower levels.

Gold and silver are also due for a little consolidation before ultimately heading higher.