...boredom re: financial news almost unbearable...anyway...
...the 25 November 2011 market opened the SPX 500 *1161.61 - bulls managed the (+11) High *1172.66 - the bears managed the (-3) Low *1158.66 - the index closed in the day's low range *1158.67 -uncertainty reigns - weekend/hangover upticks uninspiring - the real test of the 61.8% retrace of the 4 October 2011 to 27 October 2011 rally) remains in the cards and a successful defense of the *1158 level should provide the building blocks for the long-awaited SANTA rally - however risks remain high the market will diddle around and loose the *1158 level to challenge a very strong support base *1136
-the 25 November 2011 price action - expected very light flows
-NYSE - oversold -
- 93.4% SPX 500 stocks in negative Strength - oversold -
- the VIX closed higher - no wonder with USD strength but:
- strong USD 80 - resistance challenge ahead