18 Mar
Pre-open eMini S&P 500 Morning Report for March 18, 2010
Posted in Pre-open Analysis by Bob English at 7:58:14 3 CommentsThe Precise Take – Markets calm after flat CPI
Leaders Analysis: The leaders threw us a big curve yesterday, but correlations appear to have righted overnight, with the EuroYen and ES falling, then rising in synch, and the US Dollar Index following inversely as well. With the EuroYen at support and the Dollar at resistance, the leaders are equities neutral for today.
Medium Term Analysis: CPI was a non-event this morning, so focus will be on tomorrow’s quadruple witching options expiration. Next week is news-light until Friday’s preliminary GDP for Q4 2010, though there are some large Treasury auctions in the middle of the week. The latter is notable because the only stumble in the equities rally that began in February was concurrent with the same auctions in the final week of February. Besides being overbought, there’s really nothing else…
Pre-open eMini SP 500 Morning Report 3.18.10 | Wall St. Cheat Sheet
on March 18 2010 at 09:41:36
[...] This is a guest post from Precision Capital Management [...]
sdg
on March 18 2010 at 12:49:01
The lower end of the projected range was off by two ticks and after retest we got a small scalpable bounce.
Bob English
on March 18 2010 at 13:46:50
Yes, nice to get at least one side a day.