Another month of net outflows of US assets could be disastrous for the greenback and US equity markets. On the other hand, a better-than-expected figure for net long-term TIC flows could lead the markets to believe that not all faith in the dollar is lost and could create an opportunity for US assets to gain.

We had it all figured out. Finally, we said just 24 hours ago, "The tide has turned." Once the tide has turned, there is no point in arguing with it, or even analyzing it. The liquidity is going the other direction; that’s all there is to it. So what happened? The Dow rose 319 points.

With energy and food prices in the US rocketing higher, it will come as little surprise that inflation figures for the month of October are expected to surge upon release on Thursday.

Despite the strong showing on Tuesday, Toni Hansen does not expect the buying to be able to continue well into Wednesday.

Most traders typically like to talk about their winners while avoiding any recollection of their losers. Smart traders will be aware of the patterns that occur with losing trades, so as not to hold losing trades any longer than necessary.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for November 14.

Many Federal Open Market Committee members have made a point of signaling some hesitance to cut rates again in the near-term, as a weaker US dollar and record high oil prices significantly raise inflation risks in the economy.

Mass sentiments take hold of investors like a rabbit’s dodging reflex. It is instinct at work. When an investor sees his fellow investors take flight, he straps on his wings too. When he sees them calmly buying more stock at 20 times earnings, he buys too. This herd instinct is fatal to investors.

The Producer Price Index is anticipated to jump in October with the annualized rate predicted to hit a two-year high of 6.4 percent. US financial markets are more likely to respond to the Advance Retail Sales report, with surprises to the upside or downside likely to spark significant volatility, particularly in the equity markets and FX markets.

The wash of credit, which lifted spirits and asset prices all over the planet, is ebbing. And once begun, it is probably impossible to reverse it.