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Wednesday 13 November 2013

Stock Market Analysis

Stock Futures continued to drop due to uncertainty over how soon the Fed will start tapering & economic reforms in China
Fed's Sandra Pianalto will speak at 8:45 am EST & Fed's Chairman Ben Bernanke will speak at 7:00 pm EST
10-y Bond Auction will be announced @ 1:01 pm EST
Federal Budget Balance will be released @ 2:00 pm EST

Stocks should stay below today but is oversold so the market might be mixed
S&P 500 strong resistance @ 1770
Trade less & cautiously today

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