TraderWise

Thursday, March 11, 2010
U.S. equity markets are expected to open weaker this morning but off their lows. Last night’s news that China’s inflation was higher than expected, fueled speculation of a rate hike

which helped drive down demand for higher yielding assets. The lack of follow-though to the downside has triggered a short-covering rally which is helping to boost equity prices from their overnight

lows. Yesterday the March E-mini S&P 500 stopped at its January high of 1148.00, triggering a profit-taking break.