Risk off, risk on. This morning it was off. This afternoon . . .
A quick scan of daily futures charts shows the dollar is looking weaker suddenly while the euro is looking stronger. Treasuries are sporting shooting stars. So is the loonie. The Vix has sold off all day while the Russell is back inside the range from February. Could the Naz, the Dow, and the S&P follow?
1286.37 on the cash S&P is the spot I'm watching. If that is exceeded, I may just buy the next test of the lows, should one materialize. One thing that didn't materialize was the follow through on the declining wedge this morning.
I must remember this is not a credit crisis . . . just yet.
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