Thursday report - VISION FINANCIAL MARKETS

We have 12 days to Christmas and 15 trading days left in the year.
A local in the S&P pit told me yesterday that he has lost most of the money he was up this year in the last few weeks. All we have to say is CUT BACK.

If you’re down don’t loose any more and if you’re up (like many of the hedge funds) cut back or don’t trade. Another trader asked us if we still thought we could see 1130-1150 by years end.
With 15 trading days left was still think it’s possible but like anything in life there are no guarantees. Shit the SPZ could be up 20-30 handles in one day but who knows. In Asia 6 of 11 markets closed higher.

In Europe 8 out of 10 markets being quoted are trading higher.
We think crude is over sold and that yesterday low near $70.00s could hold for a few days. If this is the case it will only help the S&P move higher. For now the circle jerk continues, the SPZ sells off, finds a spot and holds (we said in Monday 1185 would be critical) and then starts going up again fueled by all the buy stops above. Buy weakness we are looking for the Thursday / Friday low the week before expiration.