Day 6
Situation:
U.S. Markets: Up small on exiration … as Fed and Thanksgiving loom, bounce attempt?
Asian Markets: mixed to small down … waiting on the FED
Commodities: Euro a touch weaker esp. against Yen
Events: US … NAHB housing index … late in the day only …
Europe … Dax still facing downside pressure … should test downside once more …
Ideas/Strategy: As it could be an quiet day … caution is number 1 priority … supports: 7624/28 … 7585/93 … below that … 7370 lurking … resists: 7650 … 7690 … 7720 … 7750
Favoured play … selling the 7700 level … for new lows
Tags: daily outlook
