Daily Futures Commentary February 17, 2010

Wednesday, February 17, 2010
U.S. investors are driving stock indices higher ahead of this morning’s housing starts and industrial production reports. Renewed confidence in higher risk assets is also contributing

to the strength. Trading could slow down after the morning session as investors flatten out ahead of this afternoon’s FOMC minutes.
The charts indicate that the main trend remains down in the three major indices and that this current rally is being driven by short-covering following the recent sharp sell-off.

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