Not really. The S&P trades near session lows, down 4.4% and set to close below the important technical resistance at 802.00. Commodities are not to be outdone. The CRB is don 4.64%, at a 6.5 year closing low. This despite a big rally in gold to the $970 level.
EUR/USD is squeezing higher in its afternoon rnage, eyeing the growing crop of stop-loss buy orders in the 1.2645/50 area. those orders will be very vulnerable in Asia if they are not triggered in New York. Those looking for an entry intoa short EUR/USD position may want to sell into the topside flurry that is sure to come if 1.2650 is breached.
