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
Bill Ackman, Pershing Square CEO and Founder, spoke with Bloomberg...
In an interview on Bloomberg TV’s “Market Makers” with Mike...
H∆ Top10
Ackman: We Spent Investors' $50M Probing Herbalife, $HLF's Nutrition Club Is 'Total Fraud'
SocGen CEO to Ruhle: Putin more rational than some think; wants 'self-funded' growth in Russia.
Christine Lagarde: U.S. Economy Not in a "Downward Spiral", U.S. IS STILL A LOCOMOTIVE OF GLOBAL ECONOMY
Indicators which foretell the future? You don't say..(SPY)
Charles Plosser: Fed is getting closer to its objectives for full employment and price stability.
Goldman's Gregg Lemkau on falling short in Q1 M&A ranking $FB
A look at the gold price vs the S&P 500 | $GLD $SPY $ES_F
Real-Time Charts
Elon Musk to @BloombergTV: "We had conversations with Apple" $TSLA $AAPL
Here Are Two 20 Year Charts Of The $SPY $SPX Following a RECORD SP500 Close Of 1,854

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