Market Summary for Tuesday April 16, 2013 | (SPX)

1hr ES. PINCH over white line

The markets bounced back today, do not get excited this is largely just that, reactionary. Though it is hard to ignore a 1.60% move as well as the nearly 3% bounce in gold coupled with a VIX down 19%.

Currently the ES unchanged at 1568.75 with 5 min support remaining at 1650-59.25 bracketed by 1565-67 resistance. If bonds continue you to wash the slide, equities could play a repeat of last night.. ie grind higher into stop regions.  

5 min ES

The dollar continued it’s assault on lower prices today, specifically following a large sell ticket punched around 7:03am CT; the price declined another 40 cents following this early sell as the Euro rallied into the 1.32 metric further boosting the equity bid.

Want the TFP Morning Letter delivered to your inbox by 9 am ET? Subscribe Here

 

Moar
In an interview with Bloomberg’s Emily Chang (@emilychangtv) PayPal, Palantir...
Paulson stays with Gold ETF as prices recover Prominent hedge...
HLy Top10
Peter Theil: Carl Icahn shouldn't dictate what Silicon Valley does
Real-Time Charts
Paulson stays with Gold ETF as prices recover $GLD
NYSE TICK & Emini Correlation Lesson (SPY)
Fed's Plosser: continued low rates may not heal labor markets; The longer we wait, the bigger we risk we'll have to raise interest rates faster when the time comes
David Tepper: it's the beginning of the end of the bond market bubble
Two Charts I am Watching Into The AM: DOLLAR & SPOOS (SPY)
Here Are Two 20 Year Charts Of The $SPY $SPX Following a RECORD SP500 Close Of 1,854
Is the $SPY getting a "Jump" at key levels from a quant algo? High Frequency Trading
$C- Citigroup CEO Michael Corbat: Citigroup can no longer be 'everything to everyone'

Archives

wordpress stat
Hedge Accordingly by HedgeAccordingly is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Based on a work at http://www.hedgeacccording.ly