Search This Blog

Sunday, July 31, 2011

Market Thought... oh baby

So a compromise looks to have been established, and the futures are up over 1% across the board.  Nice, hopefully it holds.

If the gains hold the SP500 will see the multiple SMA area near the1310 area. Once its voted upon, and passed :), we should see the SP500 keep pushing higher.

We should also see some interesting sell-offs in safe haven trades like the Franc (FXF), VIX and Gold, with a potential rally in the dollar.

No comments:

Post a Comment