Tuesday, November 03, 2009

 

A Little Bit Of Respite

The Bulls came out to play Mondqy qnd won the battle with economic data positive and Ford (F) announcing strong earnings. The Dow added 76.71 to end at 9,789.44. The SPX gained 6.69 points to close at 1,042.88. We have of course adjusted our play and we are in the green but would still like to see some up movement.

Given that the futures are down 9 as I type that may not happen today.

Today sees the start of the two day Fed meeting and we would like to see some nice words from them tomorrow.

Until next time.





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