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Monday, November 28, 2011

Market Thought... short-term potential

Here is our oversold bounce. Although, fundamentally speaking, we are seeing good chatter that the UK plans on infrastructure build, and China openly stated they are very interested in infrastructure investments from the west.

The SP500 may push toward 1215-1220. (This is where I will look to add SPY put protection.)

I am using the DAX as my guide. It has rallied over 4% on the usual vague chatter.

The SP500 is lagging at the moment. It has some resistance levels near 1200, but if the SP500 sees the extra two percent (mimicking the gains in the DAX), the SP500 should be near 1215.


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