Short DAX at 7740

Rhinebridge Plc, a structured investment vehicle run by IKB Deutsche Industriebank AG, said it may not be able to pay back debt related to $23 billion in commercial paper programs.

Rhinebridge suffered a ``mandatory acceleration event'' after IKB's asset management arm determined the SIV may be unable to repay debt coming due, the Dublin-based fund said in a Regulatory News Service release. A mandatory acceleration event means all of the SIV's debt is now due, according to the company's prospectus.
 
ES down 6 points ! Oil at 90. Asia retreats.

The yields on short term treasuries have been shrinking all week, while commercial paper rates climb. The spread between three month t-bills and Libor keeps getting wider. While overall commercial paper issuances grew, asset backed commercial paper issuance shrank for a 10th straight week. Implied volatility is down from its highs, but sits right about where it was at the end of July.
 
Quote from JSSPMK:

I know it doesn't look promising, but I would like to see a bounce.

Looks like ES is being held, long live PPT!
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LOL !!! PPT = Hank, Blanky, Chuck, Jamie Co. & Sons:p
 
Quote from JSSPMK:

I know it doesn't look promising, but I would like to see a bounce.

Looks like ES is being held, long live PPT!
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also watch Euro today. Could be a possible short setting up soon, failure on new high on 60m.
ZB went cracy like I thought it would.
Dax will be easy to trade today since VOLA cicks in again.

Philipp
 
Quote from Topsurfi:

also watch Euro today. Could be a possible short setting up soon, failure on new high on 60m.
ZB went cracy like I thought it would.
Dax will be easy to trade today since VOLA cicks in again.

Philipp
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Yeah, weak EUR shorts should be massacred today. :p
 
Quote from ASusilovic:

5 MIN FDAX is showing one of your favorite patterns, JSSPMK ! :)
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Looks like it's turning out to be a headfake p/a after all big grin :))))

I see good divergence on 3 btw
 
Quote from JSSPMK:

Looks like it's turning out to be a headfake p/a after all big grin :))))

I see good divergence on 3 btw
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JSSPMK, heard about your invitation for some PREMIUM VODKA, right ?:p
 
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