I finally learn to read a calendar, and Wed is the day the Beige book is revealed. Most interesting will be an increase in wholesale inventories that follows the expansion of the previous weeks--that's supposed to be bullish but was taken as bearish the last time.
The IMF has been touting woe is me for the forseeable future yet chiding the US for lagging in its recovery--at the same time those statements are a sharp stick in the eye for European countries and makes the dollar stronger, just the opposite intended. Meantime Friday is the day the banks report, that is supposed to be bullish. Debt has contracted about ten percent, a half trillion or so, so the credit worthiness of the country, our country, has increased. Another reason to be long the dollar--for the few minutes that is worthwhile.
I saw two HFT driven hammers drive the market into the toilet on Tuesday, I am sure there will be more forthcoming.