Analysis:
Yesterday's Analysis predicted that "the market has become over-bought and will find it hard to march higher." Today despite impressive employment increases in Oct., the market edged a few points higher in a range day. Looking ahead to next week, the market will consolidate with a bias towards 1,200, since it never traded in that area. The news that will weigh on the market will be the continued concern on the impact of delayed foreclosures on banks' balance sheets and the weakening Euro due to peripheral European nations' debt woes.
Strategy:
Hold short at 1,213.5
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