Tuesday, November 02, 2010

fcpo wrap... 3100-taste ...but SO spoil party



See attempt to break 3100 in late AM session on tech follow through but a bad start in PM. Fcpo gap dw after SO extends its weakness from flat to -0.5% during lunch break here. Defensive in PM, 80-95, and credit goes to the bulls for good defensive work…like yesterday bargains at 80.

Technically, not much, all the same like yesterday. Upside potential remains intact. 3070-3100 neutral.

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