Well more headlines crossing about Syria, and the possible attack from the west and its allies. Like we have mentioned in previous posts, the situation in Syria is very critical, in that Syria is backed by Russia, Iran and Hezbollah. We have also stated that it is a possible black swan event for the markets, should anything happen to Syria in the form of an invasion/attack from the west. After the most recent headlines we saw this weekend, markets don’t seem to be to concerned yet. Only the Oil Complex seemed to care just a little, climbing slightly higher to 107 and change. The next few days/weeks should be really interesting as the political games continue….
The NIKKEI closed almost unchanged, down -24 points at 13,636. S&P Futures (ES) were unchanged for the first few hours after open, then we saw a 7 handle ramp to touch a session high of 1667 even. Currently ES is +2.35 handles at 1663.75. Tomorrow we have Durable Goods Orders and Dallas Fed Mfg Survey due out.