we need to see how the stimulus package& banks solution effects on the real economy for a few weeks at least to justify a final plunge of the market. Before that we are still in a big range 800-900 mostly.
ES may have another leg up to 905 area at most(or just 874-890) and head down from there to the low of the range.But we need to be flexible to fade this rally and watch out the correlation in different market.Next week promises more volatility and traders will need to remain flexible and avoid getting married to directional positions while market conviction remains so weak.
US$ index had hard time to break above 86.78;watching out the assending TL if we break below it and 84 area,us$ are setted for deeper weakness.The stimulas packages shall weighs on the us$.
US$ index had hard time to break above 86.78;watching out the assending TL if we break below it and 84 area,us$ are setted for deeper weakness.The stimulas packages shall weighs on the us$.
the 10yrs notes kept losing ground on next week's larger than usual aution.
Tue $32B in 3 yr notes at 1 pm.Wed $21B in 10 yr notes at 1 pm.Thur $14B in 30 yr notes at 1 pm.Also, the Treasury is increasing its debt offering to record levels due to the financial crisis.Offering new monthly 7-year note auctions. Doubling 30-year auctions from 4 to 8 per year, may go monthly.Considering 4-year notes, 20-year bond and a "super-long" 50-year bond.
Anyone who is trading in uk, there is a good short entry now on FTSE march contract.
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