Stock Trade Team

Futures lower this morning, on what looks to be a thinly traded session anyway.  We don’t expect too much action today especially in a shortened session.  One thing we did notice this morning is to be monitored on SPY.  87.70’s is a level to keep an eye on.  If it breaks below that level short looks real good going to test in the 83’s and then it still has a lot of room even further down..  If the markets continue to push higher next week, watch the 96 level.  Unless something major happens(like some sort of major bailout plan that the street sees as sustainable, in the next few weeks I don’t see how it can continue to rally too much higher.

Hope everyone had a great Thanksgiving day yesterday with family and friends!  The Cowboys looked sharp even though Seattle isn’t exactly the NFL’s elite :)!

Have a great rest of the weekend!