Analysis:
Friday's Analysis predicted that today "the market will consolidate while digesting the employment numbers." Today the market traded in a range and finished flat. Looking ahead to tomorrow, the market will again trade in a range with a downward movement, as the optimism of QE2 will give way to the concern that the Fed's initial asset purchase, while a "done deal," will be insufficient to support the market priced at this level.
Strategy:
Hold short at 1,157
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