Initial risk on trade this morning. /es futures pointing to a higher open this morning +3.00 at 1972. Yesterday’s market pointed to a bounce of critical support levels in the /es. /es are maintaining resistance of 1980. Beyond that is 2000 as significant level. Trading keeping an eye on close of month/quarter rotations and how larger desks will be structuring portfolios in the 4th quarter. October is historically volatile. Case Shiller Home Value index is lowest in 2 years. Eye on potential contrarian indicators such as State Street index at 10:00 A.M. Insider purchases in SIAF, AGCO, VMEM, and EXPE. CNET PR this following yesterdays volatility. Futures reacted to Russia’s weighing of capital controls if net outflows intensify. Significant syndicates FDUS, LAS, TSL, RCAP and SBRA. Upgrades include CSC, LMT< RTN. AA, CENX and TM.
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