-With all the talk of the Euro debt crisis, rating agency threats, and rising Euro bonds; the SPX 500 has remained in its range from 1,225 to 1,275 for the month of November.
-As Euro bonds continue to rise, we should expect to see the SPX to continue lower in its November range. Whenever equities are pushed down to where there is no hope left, investment firms will find a reason to buy trying to end the year on a positive figure. With news out of Europe driving the markets it may be best to wait for equities to finish its course before trying to get long and shorting the USD.
-Around the beginning of the month, we tend to see the market make its high or low for the month. As we did for October and November in the process.
-Oil prices have risen, which would be due to the upcoming holidays and an increase in traveling. The price increase does necessarily represent any major long term growth in the economy, but a more seasonal trend that will be short lived. Be sure to use proper leverage and risk management as we approach the end of 2011.
