Analysis:
Yesterday's Analysis predicted that "the market will end lower" today, and the market did settle lower, although paring down the earlier losses. Looking ahead to tomorrow, Retail Sales will disappoint in the absence of large discounts offered to consumers in Sept. Empire State Manufacturing Survey will not recover as much as the consensus. The Consumer Sentiment will deteriorate instead of improve in light of continued dismissal of workers by government and businesses alike. As a result, the market will aim to plunge below 1,160.
Strategy:
Hold short at 1,157
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