Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for October 20.

The psyche of the American consumer has been seared, and perhaps permanently, reminiscent of the manner in which our grandparents who lived during the Great Depression were permanently scarred with the memories of that time.

The past week was riddled with comments and data that suggests Euro Zone growth and interest rates will deteriorate faster than market participants had initially expected. This balance will be the primary concern for fundamental traders over the coming week, barring any unforeseen bank collapses or broad seizures in overnight lending.

The Japanese Yen was one of the few currencies to lose against the US dollar through the past week of forex trade, as a marginal improvement in global risk sentiment and the US Dow Jones forced pullbacks in the Japanese currency.

Event risk promises a volatile week for the British pound should risk trends give way to normal market operations when liquidity returns to the market.

The lack of recovery in the credit market paired with narrowing demands for carry trades have certainly increased the appeal of the Swiss franc, and remains favorable in the week ahead as investors continue to curb their risk appetite.

Tim Bourquin interviews Jeff Greenblatt, who talks about how he uses the Lucas series of numbers to supplement his Fibonacci trading.

Who's afraid of a big, bad financial meltdown?

Will we see a rebound next week?