The British pound hit a 26-year high against the dollar; it now costs $2.07 to buy a pound. So why is the pound so robust? Bill Bonner's answer: because it is not the dollar.

Toni Hansen believes it is reasonable to expect the Nasdaq to continue to perform somewhat better than the rest of the market, but when selling does hit, it will then have more room to fall than the others.

James Mound reviews futures and commodities in his weekly report for the week of November 5.

This week John Mauldin lays out a partial case for why the Fed will cut interest rates again and yet again.

Tim Bourquin interviews Boris Schlossberg, who talks about how he combines technical and fundamental analysis to spot trading opportunities, and how he uses Bollinger Bands to determine "turn trades" on short-term charts.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for November 5.

This bull market on Wall Street, such as it is, is getting old. Yesterday the Dow fell hard, down 362 points. Commentators said investors were disappointed with the measly quarter point rate cut delivered by the Bernanke Fed. What? Nine out of 10 economists saw it coming. The explanations don’t make much sense. But why bother looking for a reason? All bulls get slaughtered, sooner or later. That’s just the way it works.

The ISM non-manufacturing report is likely to be in line with the FOMC’s policy statement that cited major downside risks to growth were counterbalanced by upside inflation risks.

The zone of the 20-day simple moving average resistance held in the S&P 500 and Dow, and this could be the start of that second wave of selling on the daily time frame that Toni Hansen's been expecting.