Tuesday, December 21, 2010

Morning Madness

  • Futures are up about half a percent -Markets should open up
  • Bulls closed above resistance at 1247 yesterday
  • Bears need to sell off the open and keep it
  • Bulls have more room to run as there is no close resistance
  • No economic reports due out today
  • We've already seen lower volume which should continue throughout the year
  • EUR/USD has bounced off of the 200 day moving average
  • USD/JPY continues selling off from resistance
  • Markets have continued to push on, and should continue through the year
  • 2 POMOs today to make the market even more a bit unpredictable 

No comments:

Post a Comment