Momentum from Monday's bullish intraday reversal abruptly fizzled out yesterday, as stocks resumed the bearish trend from the latter half of the previous week.

If the yen continues to strengthen against other FX carry trade currency favorites, there is an increasing likelihood of market mayhem and disorderly liquidations across a number of asset classes.

China is in trouble. The market has been spooked by the government's efforts to restrain real estate speculation. The Chinese have a lot of money. And Chinese investors have relatively few places to put it.

The stock market indices opened strong today and reached the session highs in the first 20 minutes, and from there it was downhill the rest of the day as the S&P 500 stair-stepped lower in a neat, orderly channel to retest yesterday’s lows.

On one hand, gold prices cannot seem to catch a bid today, but on the other, spot gold has undergone a very orderly pullback.

Download Adrian Manz's Around The Horn Intraday Trading Plan PDF for May 18.

Dave Landry takes a one-minute look at the stock market in his video for May 18.

The broad market's next move may be an attempt to follow through on yesterday's bullish intraday reversal.

Clive Corcoran suggests monitoring the critical level of 80 on the AUD/JPY cross rate for clues as to market direction.

If you add to the US national debt the debts of Fannie Mae, GM, and all the other financial holes, which the government will ultimately have to fill, the crater is about 120% of GDP -- the same as Greece’s debt.