Up and down volatility continued today and often precedes a change in trend. European debt crisis came to the front page again with Portugal and Spain in the headlines. Traders simply weren’t willing to hold onto positions over the weekend when there is a chance of more poor news out of Europe and more Korean tension. The USS George Washington is scheduled to participate in military exercises with South Korea on Sunday.  The uncertainty is helping the dollar and pressuring equities. S&P 500 is stuck in a trading range between 1173 and 1200.  News early next week will likely determine which way we break.    Happy Holidays and enjoy the shopping.
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