I guess the sentiment of institutional investors are quite bearish
recently which can be seen from the 3-month treasury bill yield. The
market seems impatient while waiting for the news of the bailout plan,
and the good news might have been priced in. A big selling off is
possible, but Federal Reserve will likely cut the rate by 50 bps once
SPX retests the last Thursday low. So no fear.
SPX 60-min: 
QQQQ 60-min:  The correction might be over and it's ready to take off.
XLF 60-min:
SKF 15-min:  Maybe
the consolidation is over? I should close my position as soon as the
gap is filled. There will be a good entry point after the news is
released. -------- SSCC: no update today. TAN 60-min:  Correction.
DBA 60-min: It's unclear how long the correction will be. |