DO chart with unfilled volume gap (at 51.89) , moving averages & fibs.

One indicator I look at intra-day to day trade is TRIN! Like stealing candy from a baby! .. especially with TRIN taking a nose dive with market rising .. a sure tell of the market rise to continue for a few minutes and up to ten minutes..

Looking for an investment adviser.. look elsewhere!  I just retired!

Not a surprise considering the news out of Europe this morning, and so it goes that bond prices in Italy and Belgium have gone up more than 1% and as such driving down their yields.  France, Spain, and Ireland saw increases in bond prices as well but not as dramatic.

By the way here is what bond yields recently have looked like worldwide.  Truly an amazing picture!

Government Bond yields:  10 Year Notes

ES futures just took a major dump of 10 points but are quickly recovering..

News was no discussion within G-7 of reported large package for Italy.

However…

Ok folks.. the Saudis, Kuwaitis, Bahrainis, etc. just finished celebrating the beginning of the New Year for them yesterday;  come tomorrow they will be in a joyous mood and buying our equities to give thanks to all the new Ipads, Iphone 4s they also bought to keep track of their new investments.

http://en.wikipedia.org/wiki/Islamic_New_Year

1. The International Monetary Fund could offer Italy between EUR400 billion and EUR600 billion in financial support to give Italian Prime Minister Mario Monti a window of 12 to 18 months to enact reforms sufficient to restore waning market confidence in Italy’s ability to repay its debt, Turin daily La Stampa reported Sunday, citing IMF sources.

2. German Chancellor Angela Merkel and French President Nicolas Sarkozy are planning more drastic means – including a quick new Stability Pact – to fight the euro zone sovereign debt crisis…..Euro-zone countries are weighing a new plan to accelerate the integration of their fiscal policies, people familiar with the matter said, as Europe’s leaders race to convince investors they can resolve the region’s debt crisis and keep the currency area from fracturing

3. The European Financial Stability Facility may insure bonds of troubled countries with guarantees of between 20 percent and 30 percent of each issue to be determined in light of market circumstances. The proposal to attach guarantees of up to 30 percent of future EFSF bond issuances’ worth may create a threefold expansion of the 440 billion-euro ($583 billion) fund.

Runner-up! Black Friday retail sales up 7%

Update 7:30 p.m. EST.

The good news continues…

The biggest bond dealers in the U.S. say the Federal Reserve is poised to start a new round of stimulus, injecting more money into the economy by purchasing mortgage securities instead of Treasuries. Fed Chairman Ben S. Bernanke and his fellow policy makers, who bought $2.3 trillion of Treasury and mortgage-related bonds between 2008 and June, will start another program next quarter, 16 of the 21 primary dealers of U.S. government securities that trade with the central bank said in a Bloomberg News survey last week. The Fed may buy about $545 billion in home-loan debt, based on the median of the 10 firms that provided estimates.

Follow Euro trading here:

http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES.htm

http://www.forex-markets.com/quotes.htm

http://www.kitco.com/ Scroll to bottom for exchange rate.

http://www.xe.com/

To see how FTSE will open go here:

http://www.igindex.co.uk/

or here:

http://www.financialspreads.com/public/