-The SPX 500 sits about 16 points higher than yesterday’s close on the S&P 500. Yesterdays light volume was the lowest we have had since last Wednesday, which was the day before Thanksgiving. December is looking to extend its gains as it appears to have formed its low for the month. As eyes shift off of the Super committee’s failure on the debt proposal we now look for positive news out of Europe, which they have become quite good at buying time.
-An above expected NFP figure should push the VIX down towards the 25 area, causing equities to rise, and further declines in the USD. A significant NFP figure would be anything above 250k+, which we probably won’t see. Always use proper leverage and know when to cut your losses before you enter a position. Please feel free to comment or email us atinfo@bbfx.com
