Tuesday, October 13, 2009

Market summary

SPY had rejection of highs yesterday and today it tried to follow thru on downside but in vain. After hrs intel numbers looks good and action is to upside, lets see if we see a follow thru to this news. Indexes are in no mans land right now and need to show their hand one way or the other. I am staying light till I can make out the next direction of indexes.
I think action is shifting in commodities again and all of them are rising, including crude and gold.


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