Thursday, December 16, 2010

S&P 500 Index Analysis (12/16/2010)

Analysis:

Today's economic statistics continued the recent upbeat trend, and the market rose as a result. Looking ahead to tomorrow, the market will trade on technical signals, as the cross current of economic news from the US and Europe will continue the tug of war between the Bulls and Bears.

Strategy:

Hold short at 1,217

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