For Friday,
As our Federal Reserve Chairman indicated, the Fed will be "flexible" considering the country's credit issues and rising oil prices. A rate cut of at least 25 basis points is expected vice early rumors of 50bp. Eminis should push a bit higher Friday heading into the end of the month and the weekend.
Reports On Friday:
Personal Income and Outlays 8:30ET
NAPM-Chicago 9:45ET
Construction Spending 10:00ET
Farm Prices 3:00ET
Like the Fed, be flexible - buy the breaks at support and sell rallies at resistance - tight stops if you are still not using Market Profile.
On that note - Wednesday, Dec 5th we are going to have a training seminar on the CBOT's Market Profile - details to follow - but mark you calendar.
Pivot Support and Resistance Numbers for Friday, Nov. 30th:
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