Tuesday, January 26, 2010

S&P E-Mini Future Down .6%, China Raised Bank Reserve Ratio By .5% (ES_F, IWM)

This will be an interesting week for the markets.

Overnight the March S&P E-Mini future is down 0.6%. All major index ETFs (SPY, DIA, QQQQ, IYT) are under their 50 day moving average except for $IWM (Russell 2000).  So keep an eye on the Russell 2000 index imo.  IWM is right around October support after piercing it.


ESH10, 1 Year (E-Mini S&P March Future) Courtesy of Optionsxpress



$IWM (Russell 2000 iShares) Courtesy of Stockcharts.com

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