Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for October 31.

Derek Frey explains a bull call butterfly spread in December 2007 lean hog futures.

Mike Paulenoff's work is warning him that the energy complex in general, and the Energy Select SPDR (XLE) in particular, is in the early phase of a developing intermediate-term top formation.

America is probably getting cheaper. And Americans are probably getting poorer. Americans owe a fortune to foreigners. As their paper money is marked down, so is the fortune they owe. They will owe less. But they will own less too.

How the forex, fixed income, and equity markets will react on Wednesday will be dependent not only upon the actual policy decision by the Federal Reserve, but also on how badly the housing market is doing as well as whether some inflation risks remain.

The relationships between the various legs during the most recent 10-month upmove point to an additional 4%-10% climb in crude oil prices prior to the anticipated peak and reversal.

Traders are quickly upping the ante and betting that the central bank will be cutting rates on Halloween.

Derek Frey provides weekly market commentary on futures and options for the week of October 29.

Wednesday’s FOMC meeting is the market’s main focus this week, as it has the potential to shift market expectations and set the tone for trading for weeks to come.