Greetings again, Everyone!
A brief Update about 10 minutes ahead of the NYSE Open… where we see Equity Futures down in the - 140.00’s Areas… giving us clear Indications of Yen Crosses Correlation, and Yen and Dollar Strength in the Immediate-Term.
As we have discussed in many instances lately… The markets show their Inherent Uncertainty and Fear by literally relying on any Data Point, Rhetoric, or Event that comes Its’ way… and the concern with the Swine Flu situation globally is not an exception to this “Rule”.
Massive “Short-Covering” across all Markets certainly gave additional Buoyancy for “Selling-Into-Strength” Concepts to fuel the Risk-Averse Behavior.
Let Levels on our Fiber and Euro Yen Units are in View, so let’s take a look at the Hourlies… give the Captures a Click for Commentary, and Post-Time is 13:20 GMT.
Of course… I will return for more Updates as we monitor the Climate…and see if any Consolidating Behaviors begin to slow the Directionality that Risk Aversion is bringing us!
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