Thursday, December 1, 2011

Coldplay - Yellow

Volume

Volume is on the light side, as we are digesting yesterday's big move and tomm is Jobs report day.

More of a yellow day rather than green or red

Uh oh, that inspires me!

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Two way action

As expected, two way trading action is the name of the game here in the morning.

Job numbers are due out Friday pre-market so we may not see much directional movement on the session, but if we do, it will likely be after lunch.

Of course, there's now some rattling about German Chancellor Angela Merkel taking a firm stance, etc., so Europe is still a wild card, which shouldn't be that surprising, should it?

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Numebrs due at 10AM

See if they provide a spike or 2

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The Gap fills

Wasn't a big one, but the gap got filled

Resistance above at 1248-149

basis the S&P futures

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1248

Overnight highs basis the S&P futures are 1248

breadth is flat

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Smal gap down

Small gap down to start today;s session.

Ill be watching for a fade opp.

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