I posted this in the Comments last night.
"Futures are down right now and broke the low from last week. If we see a continued sell-off overnight we could possibly see 760 before the rally resumes. It is too early to tell and we could see buyers come in later tonight".
Futures have bounced rather nicely.....let's see if this continues.
Indian markets were up 20% and had to be closed. An open, stable government in India will help many US companies as it makes it easier to do business there. My current target is 960 in S&P and will evaluate as new developments occur.
Monday, May 18, 2009
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