For Friday:
The Gross Domestic Product was described as "feeble." Need I say more about the economic outlook?
I've been saying trade from the short side for a while now and the outlook has not changed. Sell Rallies in the eMini S&P; Buy the dips in the Euro and the Gold.
Everyday since Monday's existing home sales report - the volume has been to the short side. The afternoon rallies over the past three days have all been on lower volume. Consumer Sentiment Friday morning will not be bullish...
Additionally, the volume favors LOWER prices in the S&Ps and the Russel. A low volume rally is ripe for the picking... er, selling.
Have A Great Weekend!
Josh
Upcoming Reports:
Friday:
Personal Income and Outlays 8:30 ET
Consumer Sentiment 10:00 ET
From the TradeMaven Software, Pivot/Support/Resistance for 27 Mar:
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