We talked about Plan B’s this morning and it seems some of the zombies have taken that approach as they try to come together to avoid the you know what.
Our commentary will be a little short today as we want to get to our current trades and talk more about them rather than the political rhetoric.
The bulls have kept their momentum from Monday and are pushing the next layer of resistance we talked about this morning. A close at current levels would be beautiful for a continued yearend rally but we need to start locking-in profits as we near OUR deadline for a Fiscal Cliff deal to get done. We have a number of trades that are showing high double-digit returns so we need to make sure our Hard Stops are set to lock-in profits in case the zombies get stupefied.
The Dow is up 74 points to 13,309 while the S&P 500 is higher by 10 points to 1,440. The Nasdaq is advancing 31 points to 3,041 and the Russell 2000 is popping 7 points higher to 842.
Subscribers, check the Members Area for the updates and we will be back in the morning with a full report.