The collision of global markets and social mood

Wednesday, November 3, 2010

Nothing Has Changed, Still Pointing Higher

I see nothing in the market this morning to cause me to change my game plan. I'm a buyer lower and a seller until 1205 or so on the cash S&P (about 1202 on the ES). Unless a great opportunity drops into my lap this morning, I'll be standing aside until this afternoon's ill-fated Fed decision. Barring a strong reversal, a close over 1205 would start to suggest a quick run to the April highs.

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