The S&P this morning broke the November lows and still looks negative. Technically, it continues to be a market to sell any strength. In the early going today, any bounce into the mid 740's is probably good for a daytrade sale. Longer term the risk/reward is worse today than yesterday's early strength but still no real sign of a bottom. The sp is currently at 735.
Gold also is continuing it's move higher from yesterday mornings early low's. The mid 960's is actually a good early profit taking level.
Ten year notes are up but face early resistance hear at 122'16.
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