16 December 2009

SP December Futures Daily Chart: Sideways

Citigroup has a stock offering coming out, perhaps tonight.

Option Expiration this week.

Comex could not stuff the metals even with a surprise margin increase in gold.

Stocks are drifting sideways on light volumes. Fundamentals mean little or nothing.
Its mostly arbitrage and technical trading right now by the predators, trying to bleed the specs.

Play the market you have. And perhaps the best position for now is out.
This is a good time for a breather. Next year could be a triple diamond run.

Corporate bonds look like a deathtrap, but anything can happen.