Day 8
Situation:
U.S. Markets: Lost more than 2% till the closing bell … now recovering as Citibank receives 7.5bln$ from Abu Dhabi.
Asian Markets: recovered most of their losses, Japan closing even up as Yen weakens on Citibank deal … news agencies see reviving appetite for the carry trade … PLEASE BoJ … HIKE THE RATES!!!! PLEASE … or it might never end 
Commodities/Currencies : Yen turns around to weaken a bit … commodities stable …
Events: US … Case-Shiller Home prices, consumer confidence, Germany … IFO
Ideas/Strategy: … Trying not to get hurt by possible shortcovering … but selling resists after up Gap today morning …
supports: 7498/7503 (was easily broken yesterday, but no confirmation today) … below that 7468 … 7370 …
resists: 7555/60 … 7585 … 7600/05 … 7630 … 7660
Tags: carry trade, Citibank, daily outlook
