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

 

Related Hedge Accordingly Content
Bloomberg Television’s economics editor Michael McKee spoke with San Francisco...
H∆ Top10
Alan Greenspan: U.S. running out of buffer in economy; Stocks to see significant correction.
Goldman's Gregg Lemkau on falling short in Q1 M&A ranking $FB
Ackman: We Spent Investors' $50M Probing Herbalife, $HLF's Nutrition Club Is 'Total Fraud'
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
 Is Russian Oligarch Alexey Mordashov Comfortable Doing Business In The US? "Absolutely"
Appaloosa's Tepper to BBG: Stock Markets Not in Bubble
Direxion Reverse Splitting 1 for 5 FAZ Among Others (FAZ)
Real-Time Charts
Icahn to Bloomberg TV: We are not leaving Apple; Cook agrees stock is cheap; Buyback a no-brainer
Goldman COO Gary Cohn on Cantor defeat: "We've all enjoyed having Eric in the Congress"

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