Monday, November 29, 2010

Not Going Down Much

We have a couple of things favoring the bulls, which is positive seasonality on the 1st of the month and into the nonfarm payrolls report, and also we've got a bit of fear from Europe which means there isn't much more to go on the downside.  The best bet is to expect continued range trading for the rest of the week (slightly higher bias), and then we should have selling next week which will mark a short term bottom. 

No comments: