Volatile Markets Continue On Friday the 13th
http://www.inthemoneystocks.com This morning, the S&P 500 Index e-mini futures (ES-U2) are trading higher by 4.00 points to 1335.25 per contract. The markets seem to be calm after Italy held a successful €5.25 billion auction in three year notes. The only problem is that the central banks are most likely the buyers of those bonds. Yesterday, credit rating agency Moody's cut the the Italian credit rating to Baa2 from A3 with a negative outlook. What took them so long to make that downgrade? In any case, the markets are all holding up today ahead of the opening bell at the New York Stock Exchange. Traders should continue to watch the U.S. Dollar Index very closely as the markets continue to trade inverse to the U.S. Dollar. Some leading equities that are likely to be volatile today include the iShares MSCI Italy Index (ETF) (NYSEARCA:EWI), ProShares UltraSh FTSE/Xinhua China 25 (NYSEARCA:FXP), iShares MSCI Spain Index (ETF) (NYSEARCA:EWP), and the iShares MSCI Germany Index Fund (ETF) (NYSEARCA:EWG). All of these equities mentioned should hold up as long as the U.S. Dollar Index declines throughout the trading session.