Analysis:
After much wrangling between the Bulls and Bears, the Bulls prevailed on the backdrop of a promising wholesale inventory report and proved yesterday's Analysis wrong. Looking ahead to next week, the market clearly has turned bullish, as it would focus on any positive economic news to rise regardless of the fundamentals. There will be an opportunity to get on the short side again as the market continues to rise. Next week's economic news will not be consistent in one direction, and a confluence of information offering diverging indications of the economic conditions makes the Analysis' prediction next week more challenging than before.
Strategy:
Offset short at 1,109.50 for a loss of 29.50
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