Wednesday, September 3, 2008

Sept. 3 S&P 500 emini futures daily chart after hours

We are very propped up the Fed gave us a very light reading on the market. There is so much going on from Credit, inability of lenders to lend because of underwriting and we are going into the worst part of the Real Estate Market sales season.
Oil is loosing its catalyst of market movement, we shall see some large energy funds close out and give their investors a little money bank.
We are in a very tight trade channel, and when it successfully breaks out it we could see some very violent moves.
Oil looks like it is at a low so we shall see.
Dollar is also holding its strength.

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