I pulled the bottom nautical chart off my hide a few minutes agone to demonstrate y'all how things are shaping upward inward an odd starting fourth dimension to the trading week. We've already declined over xxx ES points from the highs next the Fed's proclamation of a discount charge per unit of measurement cut, alongside volatility rattling odd for overnight trade. Nippon is downward over 3%, as well as the dollar is absolutely plunging versus the yen (top chart) as well as euro (middle chart). Meanwhile, nosotros are non exclusively breaking below Friday's stock marketplace set lows, exactly too challenging the of import lows from January. This is a rattling unsafe market, given the dynamics of plunging rates (2 yr Treasuries at 1.35%; x yr @ 3.37%) as well as plunging dollar. I volition update marketplace set observations via Twitter. The final 5 Twitter "tweets" seem on the weblog domicile page; the amount laid are on my Twitter page. Interested traders tin subscribe (no cost, of course) via RSS; run into my Twitter page.
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