Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 686.10

-0.5%

Feb 4 4:00 PM EST

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To: GROUND ZERO™ who wrote (41131)	12/3/2012 2:15:46 PM
From: Keith Feral	Read Replies (2) of 222886

1350 to 1450 is still the observable range. Maybe we dip to the midpoint at 1400 and see what happens. I think there is some time to kill in cash til employment numbers start to roll out this week. One thing should be interesting and that's the bond market. It's been closing every month near the bottom of the range around 1.60 since May. In order for the market to do anything, we need some positive direction in the TNX. Sequentially, the DOW needs to get above 13,090 to maintain it's positive monthly buy signal for December. The real question for the market depends on the foot dragging over fiscal policy. Will the politicians wait for something bad to happen before they act? Odds would favor more foot dragging!

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