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    All Eyes on Bernanke

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    mrtopstep

    by mrtopstep

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    http://mrtopstep.com Rich Canlione, The NKO Group - Bernanke speaker at Semi-annual House of Representatives in front of House of Representatives, will he talk about "risk to growth" hinting QE 3.

    Europe out of lime light for today , no factor for U.S. today .

    China no hard landing , strongest industrial production since since 5 / 2010, also adding buy side momentum.

    Bill Gross from Pimco , hinting QE 3 as well.

    Fair Value: -4.37 under cash S&P:

    SPX 8 Day Avg. = 1333
    50Day = 1314
    100Day = 1316

    Settlement Gap : 5/8/2011 1341.75 , re-open 5/11/2011 1339.50 = 2.25 settlement gap.

    USU 125 and 1/2 area (125'16 / 125'19) is a 4.36/.39 yield area which is where "yield" break started (6/29/2011)

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    **Filmed on the trading floor at the CME Group. Produced by MrTopStep with MarketHEIST