S&P 500 (Dec 12) INTRADAY Review We were definitely justified in maintaining our bullish view yesterday despite a bearish session on Wednesday. The S&P snapped its six day doji fest and posted a very strong 1.2% climb to take the market back up to test the key level at 1424.75 which was August’s high. The economic data was the main driving force with a very strong ADP employment number, a better than expected ISM Manufacturing and although the Consumer confidence number just missed
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The commodity was bullish yesterday after a decent range overnight