Kudos to MMs

[nitro]

EUR.JPY support at 121.50 ish. CHF.JPY support 82.00. If those levels are broken, you don't want to touch SIFs long.

 

[nitro]

If a break of 882, next support is 842, and then minor support 832.

782 SPX may not be denied. There is no such thing as a triple low [it exists obviously, but it is not an odds on contrary trade].

 

[nitro]

Currencies backing off. Ultra-high frequency we may see 900 SPX.

 

[nitro]

A lower high UUP so that it does not break above 26.85 is short term bullish SIFs.

Resistance 900 SPX.

nitro

 

[nitro]

"GM likely to survive, bonds a "buy": JPMorgan"

http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=OBR&date=20081111&id=9368395

If true, SIFs are probably oversold short term. I just don't know if I buy the analysis. To me, it looks more and more like this company needs BR to restructure itself once and for all. Coinciding with an Obama presidency and likely nationalized health care, GM would easily be competitive.

 

[nitro]

UUP breaks to new day highs, but EUR.JPY and CHF.JPY not confirming. Could be a headfake, but we have to worry.

nitro

 

[nitro]

Hard to say. This rally has some legs, but currencies not confirming. Also, we have a deadline for redemption on Thursday.

Prudence if desire is long is probably best until then.

nitro

 

[nitro]

SIFs in grave grave danger. 882.xx is the last support before a retest of lows. I would not be surprised if markets making it as expensive as possible for redemption, and then will rip higher and take no prisoners. Best Buy affecting SIFs? Gimme a break.

Stay nimble and don't get only one side of the market in your head.

 

[nitro]

Near month vola going bid most indeces options. One more spike higher 90 delta. Under no circumstances short VIX calls.

 

[nitro]

Rumor that Brodsky to take over as head of SEC.