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Wednesday 4 September 2013

Stock Market Analysis

Obama administration officials are hinting that they might help arm Syrian rebels with weapons to take on rocket launchers which delivered those chemical weapons
However, there are doubts & concerns that arming violent Al-Qaeda extremists can bring any "peace & stability" as Obama stated
A missile strike has also not been ruled out, to punish Syria's use of chemical weapons
As Obama is gaining more support as planned, Russian president will consider approving Syria strike if there's solid evidence

As Syria strike becomes a stronger possibility, arming violent Al-Qaeda extremists becomes a concern & economic news worse than expected, stocks should go down today
Look to sell S&P 500 around 1640 if it drops back as it should stay below 1640
Even if S&P 500 breaks above 1640, there's still a strong possibility of it dropping below 1640 at the end of the day

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