Situation:
U.S. Markets: Markets sold off again after the huge gap, caused by the moves on liquidity by the centralbanks. We traded down to new lows before recovering 20 S&P points into the close on rollover … NEW FRONTMONTH on the US equities from TODAY on … MARCH 2008 … so S&P is 10 points “higher”, […]

Situation:
U.S. Markets: Finished in the red … could have completed an ABC-Type correction … which could spark buying today. Fed seems to be trapped to deliver on a rate cut … 50bps seems a real possibility … even a bigger cut for the discount rate seems possible … OMG … Merill announced that they implemented […]

Situation:
U.S. Markets: up bigtime but facing first resistance … Carrytrade and shortcovering leading the way
Asian Markets: up …
Currencies/Commodities: Yen losing further ground against the Euro … Oil stabilizing a bit after losing 4$ yesterday
Events: US … PPI, Retail Sales, Bernanke speaks
Dax: underperformed yesterday … 7850 7830 should lend support today … resists: 7920 … 7960 […]