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Friday 25 October 2013

S&P Futures after Durable Goods Orders data

S&P Futures dropped from 1749 after mixed economic data of Durable Goods Orders @ 8:30am EDT
Durable Goods Orders were better than expected but Core Durable Goods Orders were worse than expected, not quite safe to trade
2nd possible resistance @ 1748, possible high risk trades will be sell @ 1748 or 1749 for 5 minutes expiration but not recommended because of volatility & mixed economic data
Stocks should also go up because of strong earnings reports

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