By Chris Becker
Volatility deflates overnight as worries over Korea abated, sending stocks higher as safe havens like Yen and gold were dumped. Meanwhile, the USD returned to strength which emboldened European stocks that have been under the weight of the Euro, while oil dropped.
Yesterday in mainland China the Shanghai Composite came back strongly, up nearly 1% to 3237 points following the near 2% fall on Friday, bouncing off temporary support at the 3200 point level. That level needs to hold as this rally seems nearly finished with a sideways jig between it and 3300 likely in the week ahead:
