Morning Coffee

Posted under American Options Trading, Rob Roy - Chief Trader by Rob Roy on Tuesday 23 February 2010 at 9:30 am

The market opened lower this morning based on overnight comments out of Germany as well as a "shockingly" lower Consumer Sentiment reading.  The US Dollar still appears overbought short term and actually did break its 10 day mva overnight prior to the release of the German IFO report (a key monthly report on the business climate in Germany) which caused an immediate spike in the US Dollar.  In addition, Germany said it wasn't opposed to more "quantitative easing" (translation: having the central bank inject even more liquidity) which is truly hard to imagine.  Today's market

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