Well there's not much to say about overnight futures, ES (SPX Futures) are still hovering around 1 to 1.5 points above Friday's 4 p.m. print which is unchanged for all intents and this has been going on virtually all night with the exception of a little run to +3 or 4 points.
The 5 min. 3C chart looks exactly the same, it just keeps moving down on the same trajectory.
Treasury futures for the 10 and 30 year have been uneventful. Gold has been uneventful, silver futures have shown a little more life on the upside and Crude has lost some ground.
The $USD, as we thought, is making a slow and steady march higher, that may be one of the more interesting assets and that has transferred to the USD/JPY and the other carry crosses have been upwardly mobile overnight, of course Japan had that horrible trade deficit data last night.
I'm actually kind of surprised the market is this flat considering the panic buying from last week and considering all of those ugly signals Friday, I would expect however that they were just getting started and it was an op-ex day, so we'll see what they do today.
There's no great signals of what's to come other than the negative 5, 15, 60 min charts we already know about.
We'll wait for the initial opening panic and let a.m. trade calm down and see what's there.
No comments:
Post a Comment