First Day of December, where do we end the year?

Monday, December 1, 2008 10:30
Posted 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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