German IFO data is where it's @:

German IFO Survey September 2012

A cursory glance together with the Dow Jones Transports (see previous post) recent 'behavior' is certainly worthy of note as the Transport Index WAS the 'canary' back in 2008.......just like the IFO???

Of note is also the 'so-so' reception of the iPhone5 release as has Steve Jobs' influence finally waned with the product line : John Battelle thinks so...are there any shorts left ?(http://battellemedia.com/archives/2012/09/am-i-an-outlier-or-are-apple-products-no-longer-easy-to-use.php)/ (http://www.bloomberg.com/video/apple-products-no-longer-easy-to-use-battelle-says-vBInxb_tQAujI9B6mB_YXg.html)

Transports not part of the 'party'...so far.

Dow Jones Transports Weekly Chart @ Close 09/24/2012

In a week where the Oil price fell sharply; the Transports found no 'solace'. itself suffering a near 6% decline.
What that says about the state of global economic is perhaps 'the canary in the coalmine'?

BOVESPA: Pause to reflect after Friday's indecision?

Brazil's BOVESPA Close @ 09/17/2012

The long 'indecisive' candle from Friday has yet to witness follow through lower.....yet.
Chinese worries continue to mount & Brazil remains in the 'cross- hairs' of any fallout from the Asian 'miracle'.

BOVESPA: "Samba" time.......Weekly Close needed

Brazil's BOVESPA: Weekly as @ 09/13/2012

We still await the 'official' Weekly Close; so far the Daily has closed above the 'Blue Line' that has defined the bearish prognosis.
Now only Shanghai's $SSEC remains under 'siege' technically.....a fortune cookie with your QEIII?

COPPER: "ain't saying, simply showing......"

COPPER Daily Chart 09/12/2012

German Court 'weighs in', the FOMC next in the congo line of 'bail- out' samba.......or not?
Is the party just beginning or just ending?

S&P500 'Reversal'.......good enough?

SPX Daily Close @ 09/10/2012

Too 'cute' for a top?
The Outside Down Day is a 'skinny' one @ best; but nothing appears without a sign....is this it?
Friday's comparably 'heavy' volume day to Thursday's large advance has now been potentially confirmed by Monday's price action.
Follow through lower Tuesday key to a higher degree of confidence that a retrace (1375/90) is upon us.

New Highs 'scored'...what happens next?

S&P500 Daily Close @ 09/06/2012

THE WEEKLY (08/31/12): "Expanding Volume Friday suggests that another minor high is possible, signs if/ when that happens to be awaited before setting any new ‘tactical’ positions.
Absent a Weekly Reversal; the bias remains that the market ‘wants’ to probe higher"......so far so good.
Friday's Non- Farm Payrolls either confirming the 'all systems go' for higher still or another 'oops' moment with the potential for this to be yet another 'minor new high' and back into range we go......again.