Tuesday, April 10, 2012

Markets Remain Flat

Support has held so far but there has been very little enthusiasm on the buy side. Asian and European markets are down this morning. Italian and Spanish bond yields are surging with 10-yr yields climbing to 5.57% and 5.92% respectively, adding to negative sentiment.

Levels to watch today on the ES:
Resistance above at: 1381-1382, 1387-1388, 1391-1392
Support below at: 1373-1374, 1370-1371, 1363-1364