The SPX 500 sits about 13 points higher than Mondays close on the S&P 500. Overnight we had China’s Trade Balance that was far greater than estimated. We also had Fitch state that France does not look to be downgraded in 2012. The combination of this news has sparked confidence in the market causing major currencies to rally against the US Dollar. The SPX 500 is now trying to break the October high at the 0.764 Fib retracement that comes in at 1,294 area.
