Obama unpacks for holiday.

There goes Marine One which carries the Obamas from the Martha Vineyard (Massachusetts island) under cloud cover on Sunday currently on a one week vacation.According to Reuters News,Obama is footing the bill himself -- estimated at $25,000 or more -- for the 28-acre (11-hectare) Blue Heron farm he is renting.
With its links to the Kennedys and Clintons, Martha's Vineyard is Democratic America's holiday spot of choice. It's no wonder the First Family picked it for their summer vacation.
A beautiful beach(a haven for the rich and famous) to relax and get disconnected for the President.

The US president has packed a mix of historical biography(The second US president, John Adams) and environmental calls( Why We Need a Green Revolution, and How It Can Renew America) to arms for his holiday reading – with a little light relief included courtesy of crime novelist George Pelecanos--"The Way Home".

Tracking the Dow,Tuesday,01/09/09.(13 market days to Triple Witching Day)
Nikkei Futures Expiry:11/09/09(8 market days)

Asian Futures Expiry:30/09/09(20 market days)
9:30am:--A mild gap down.

Weakness in Europe induces further pressure.

10:30am:--After finding an early high,the evening star set in.

The August ISM Manufacturing Index, which came in at a better-than-expected 52.9. That was also up from the 48.9 in July.

11:30am:--Index slides and is at session low.

Pending home sales for July were up 3.2%.

12:30noon:--Bearish spin still at morning session low.

Currently, crude is trading near highs, up 1.5% at $70.98 per barrel.
1:30pm:--A mild technical rebound,no way of big retracement as the distance is too wide.

Financials have been a primary source of weakness in the stock market's recent reversal.

2:30pm:--Bears reluntance to concede.

News of Ford's monthly sales increase hasn't helped it fend off this session's selling effort, though.

3:30pm:--Hangman around.

Construction spending data disappointed

4:00pm:--Ending the day with a bearish engulfing.
It takes 3 to complete a pullback and Tuesday's spike down was fast enough to complete the mission.It touches the bear resistance which is now the main support line.

This Witching month is going to be highly volatile. "Anxiety"is the theme play today,an excuse to take profit with the banking sector getting the worse bashing.

The US Government of late holds big containers of banking stocks,so this is the only chance of liquidating their goods through this nice theme.

A prelude to the September 10th dateline with regards to Citigroup Inc stocks.