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| Neutral |
- Futures are currently slightly negative
- Jobless claims came in at 388k vs 416k expected (lowest level since July 2008)
- Continuing claims came in at 4128k vs 4060k expected
- A lot of strength found in the EUR/USD as it continues off of the 200 day moving average
- GBP/USD is trapped between the 150-200 day moving average
- A lot of weakness in the USD/JPY
- Volume continues to dry up as the year comes to an end
- Be careful on entering the market with such small volume
Stock Watch
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| SBH |
SBH has a nice ascending triangle as it runs up against support. Yesterday it bounced nicely off of the lower trendline to put it right back at resistance. Wait for a break of resistance before entering the trade and a good stop loss is under the trendline.
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