First Day of December, where do we end the year?
Monday, December 1, 2008 10:30Posted in category Daily Watch List
Futures sharply lower this morning. Hope everyone had a great Thanksgiving! The markets look a little fearful this morning. We’ll probably see some downside action today as we’ve rallied pretty much all last week. It was on a little lower volume so that also makes us a little more nervous on the long side.
What we’re watching today:
GS - If it breaks 75 we think it has more room to the downside, but if it holds those levels it may be stablizing a bit.
SPY - Like we said in spy could see more downside on that break below 87.50.
TRADE SMART!
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