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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?


To: Venditâ„¢ who wrote (2352)11/30/2004 8:40:44 PM
From: Walkingshadow  Respond to of 8752
 
I should have pulled the trigger on STEM at the same time..... :-(

On well.

Preliminary GDP came in a bit higher than expected this morning, but Consumer Confidence was quite a bit lower than the Street was anticipating.

Tomorrow morning we have October Personal Income & Spending, October Construction Spending, and November ISM and November Auto Sales in the afternoon.

I think something in these will spark the move down. The economic data lately has not been very inspiring, and I think if we see much more non-encouraging or outright discouraging data, this will drive sentiment bearish. Volume is favoring correction also, as is technicals, internals, etc. Put/call sell signal persists, more stronger now.

Oil down a bit, dollar a bit weaker, and index futures marginally higher at the moment.

T