Hello BG,
Will go with the direction of:
MARKET INDICATOR FOR THE DOW JONES 5 Minutes prior to the Open..........Indicators were DOWN.
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Trade Balance and Import/Export prices scheduled for release at 8:30.
Results should set the tone going into the day.
Generally, traders have been hesitant to commit late in the day prior to
the Intial Claims report. The PPI and Retail Sales also out tomorrow.
On a lark, would short this market one hour prior to close.
We'll see how that one works out,
One Hour Prior to Close, Dow at 9,926.07
Early selloff dampens the chances of Market being down the last hour.
Most traders that were going to sell or short this Market have already done so.
So without many sellers, the advantage goes to the buyers.
Still, a large move towards the Upside is unlikely prior to tomorrow's economic reports.
good luck today,
baz
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