Intraday update: NQ (March contract) is hovering around 50% from recent downturn (1718.50). Oil is climbing and holding stocks back a little. The DOW 2005 open is 10783 and as long as we are above, bulls will hold the reins, bt it is precarious as YM found solid resistance at 20 dma. To top off all the news that is coming, we are in option expiration week. I will be watching sentiment closely and if it gets too negative, we could have a good rally.
This entry was posted
on Monday, December 12, 2005 at 8:46 AM.
