Wednesday, June 10, 2009

11/06/2009 Pre market

08.35 am

S&P future is trading around 941. The market has been closing around the highs last couple of sessions. This is a very strong bullish sign in my experience. Once there is a news with good surprise, the market could easily jump to 970 and test 1000.
I stick to my long term bearish idea, with short term limited bullishness and mid term(2-3 months) neutral.

Today, there will be US retails sales, jobless and business inventories figures.

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