TEDdy bear

TEDdy bear. Yikes, there really is no excuse for such a headline, LOL!

Been a few weeks now since fresh lows on the US equity market indices. But the TED spread is showing no signs of a diminution in the European stress.

Is the market expecting Bernanke to pull something from his hat in Jackson Hole? I think it is, and I think its going to be disappointed (see prior posts). Friday is still a long way away though, plenty of action to come before then.

There are some nice upmoves happening in the ES, but there seems to be a new wall of selling now at 1145/50 area? Lets see the response on dips now (have to also respect that the area around 1110 has attracted the buyers).

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s