MORNING MINUTE EQUITIES,FUTURES & OPTIONS MAY 10th

Morning everyone. Darren at Leviathan Financial. It’s inflation day today investors are cautious coming into this number, , Euro first 300 is only off slightly along with the S&P. What is interesting is that volatility is already starting to be marked off.
It has been bit up coming into this number, for fear of what might happen. , the numbers that you need to look out for, are CPI plus 0.4% a month, on month, 5% year over year, anything higher and rates will go up, stocks will go down. , last time I was in line, we had a very tight range of 64 points in the S&P.
On average, it’s about 125, so expect a bit of movement today. That’s what we normally get along with. Volatility coming off. As the Fed decide with this number what to do with rates. On the one hand we’ll have this inflation number, on the other hand, the upcoming debt ceiling possible and the issue with the credit crunch and commercial property.
So with this coming up, good luck everyone and have a good day trading