- People's Bank of China raised the bank reserve ratio by 0.5%
- Indexes sold off at downtrend resistance
- Tomorrow and Wednesday are FOMC meetings
- Bernanke re-election volatility
- Digestion of Obama's Volcker Rule
- Dubai conglomerate credit rating downgrade
- S&P warns it may downgrade Japan sovereign debt (MarketWatch)
- Goldman/AIG CDS issues
- Economic calendar (Case Shiller, Redbook, Consumer Confidence, MBA Applications, GDP. etc)
- Obama plans to freeze discretionary spending to control the deficit
- Apple (AAPL) had their most profitable quarter ever and was up 0.90% after hours
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
