Tuesday, November 23, 2010

Market Outlook

Today the market will try to sell off again. I think it is the last chance this week since tomorrow and Friday will probably trade with an upside bias due to Thanksgiving Day.

Meanwhile, the put/call ratio has not spiked enough to warrant a long entry:


I expect it to give a buy signal by the end of next week, around Friday's employment report. I would especially like a signal to buy before the report since I think it will come in strong.

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