Morning update (2):
ES 1235 held, hitting 1237.50 and bouncing nicely. NQ also found a renewed bid on oil dropping back down to 100. Watch ES 1249.25 and 1258.50 resistance. Support above 1237.50 is 1243.50. AD lines are very strong.
VIX/VXN still a concern, climbing on this bounce.
Ah, yes, those Wall street exec bonuses related to subprime deals: 33 billion. You can bet that most of that money is parked offshore, not in US banks.
ES 1235 held, hitting 1237.50 and bouncing nicely. NQ also found a renewed bid on oil dropping back down to 100. Watch ES 1249.25 and 1258.50 resistance. Support above 1237.50 is 1243.50. AD lines are very strong.
VIX/VXN still a concern, climbing on this bounce.
Ah, yes, those Wall street exec bonuses related to subprime deals: 33 billion. You can bet that most of that money is parked offshore, not in US banks.
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