Friday report - VISION FINANCIAL MARKETS

From Nov 2nd to present there have been no 3 day sell off in the S&P.
One of the big things that changed over the last few days is VOLUME.
The down side tends see more and the higher the markets go the less volume there is. Eventually that will catch up with the stock market. Several well know market letters are questioning if the sell off is actually the markets rolling over or just another sell off that reverses into new highs?
We don’t know but what we do know is the SPH fell right into every level of sell stops we put out yesterday, the only ones they didn’t get were the sell stops under 1103 down to 1098.
GE just reported and the SPH that was up .50 handles is now down 6 handles. We have no economic release today.
In Asia 11 out of 11 markets closed lower. In Europe 10 out of 10 markets are trading lower. Our call? Currently the markets do not have a good feel to them.
But it’s a Friday and we have a term we call counter trend Friday.
If we see oversized GLOBEX volume 350-450k we would lean to buying weakness with tight stops. If that fails it could be another big day of sell program.
Ideally we would like to get a look at how the premium between the cash and the futures look before jumping in. You take it from there...