Wednesday Market Wrap

{+++} For the day the SPX/DOW were +0.25%, and the NDX/NAZ were +0.20%. Bonds lost 15 ticks, Crude dropped 40 cents, Gold rallied $9, and the USD was higher.

Short term support is at the 1869 and 1841 levels, with resistance at the 1901 and 1933. My feeling is that we will see the upper end before the lower end.

I added FAS as a long idea today. FAS is a leveraged ETF to get you long the financials XLF.

See you in the morning.


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