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Morning Call: Structural Damage Sets In

Date: Feb 8 2016, 8:23 am

Description: Scott Redler, Chief Strategic Officer of T3 Live, host the Morning Call for Monday, February 8, 2016. This morning we see mixed mostly red arrows around the World after most markets have rallied for multiple days. In Asia the Nikkei is off .6% after rallying 5% on the news of BOJ negative rates. The Shanghai is up 2.2% but broken. Europe is broadly lower as Oil continues down with the DAX -1.4% CAC-1.9%. U.S. markets started lower for February after outsized gains Friday but managed to go green as it seemed constructive. But with oscillators +44 (overbought) and Oil getting hit again, it might be tougher today for a repeat performance.

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