This morning, the S&P 500 Index e-mini futures (ES-M3) were trading lower by 2.00 points to $1632.75 per contract. Traders and investors have lifted the stock futures after famous hedge fund manager David Tepper reiterated his bullish call. Investor complacency seems to be at an all-time high now as the stock markets make new all time highs nearly everyday. Throughout history, when there is such little fear in the marketplace it is usually when traders and investors should become concerned. David Tepper also said that investors shouldn't worry about the Federal Reserve tapering its massive bond-buying program.
Last night, the leading Asian stock market indexes finished mixed. The big loser in Asia was the Shanghai Index (China) which closed lower by 1.11 percent. Traders should expect some weakness in the Chinese ADR's if the U.S. markets decline. If the U.S. markets hold steady the Chinese ARD's should hold up fine. Some leading Chinese ADR's that could be in play today include Sohu.com Inc (SOHU), Baidu Inc. (ADR) (BIDU), Qihoo 360 Technology Co. Ltd (QIHU), and the Market Vector China ETF (PEK).
Below you may find the video.