All of these traders are waiting on a few key events to take place.. Europe to collapse or Germany to bail them out. United States debt downgrade a definitive confirmation of a move higher in equities over 1280-1300 level or a break down into February.
Whichever scenario plays out we are not going to go anywhere until one of them does play out.
The 79-82 level in us dollar futures is the channel we need to get either above or below... Tomorrow we have quiet a bit of numbers coming...
Remember 3 day weekend coming up ... MLK day Monday.. They gonna suck VOL out ahead of time tomorrow starting probably around noon to account for weekend and monday theta...
|Jan 14||08:30||Core CPI||Dec||0.1%||0.1%||0.1%|
|Jan 14||08:30||Retail Sales||Dec||1.0%||0.7%||0.8%|
|Jan 14||08:30||Retail Sales ex-auto||Dec||0.8%||0.6%||1.2%|
|Jan 14||09:15||Industrial Production||Dec||0.6%||0.4%||0.4%|
|Jan 14||09:15||Capacity Utilization||Dec||75.7%||75.5%||75.2%|
|Jan 14||09:55||Mich Sentiment||Jan||75.5||75.5||74.5|
|Jan 14||10:00||Business Inventories||Nov||0.9%||0.8%||0.7%|