ES TANKING AGAIN

August 9th, 2011

Warning: This is not a recommendation to buy, sell or hold any financial instrument.

Update: ESU11 riding higher on declining dollar. Up 2.4% now.

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Update: ESU11 is now flat to up under 1% overnight. Something has changed with the dollar. It had been up over the last day, but over the last few hours, it’s selling off. This is why the ES came back. In general, dollar index down, ES up. [It’s this: Fed May Boost Stimulus Pledge]

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S&P 500 futures are down another 2% in overnight trading.

ESU11 Sep 2011 1087.25 -24.00 -2.00%

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