Tuesday, November 27, 2012
S&P 500 close 11/27
Seesaw day for the market with the averages between the trading range of 1400-1410 for most of the day. Will need to see some follow through by the bears tomorrow and push a little lower below the close of 1398 to be convincing that we are headed south again. The move early tomorrow may set the stage for the day and subsequently the next couple of weeks. If we close below 1400 I will probably move my market indicator to red with a target of 1375. My investments will stay yellow unless we get a strong move down.