Wednesday, December 8, 2010

Morning Madness

Another day, another dollar to be made.  Futures are currently in positive territory heading into the open.  Yesterdays action was a hit to the bulls as they tried to claim the 1227 level.  Since we failed that we could see further selling into today.  The bears still need to claim the 1200 and 1173 level before a shift in trend happens.  Be careful entering into long positions here, and if you do go with a tight stop.

No economic reports today so no unexpected game changers happening.

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