Huge Rebound Expected on Debt-Deal Agreement

8:45am (EST)

The bulls started the week facing pressure from the previous weekend after a proposed plan to cut the deficit fell through, as it did all week. The game of chicken between the Republicans and Democrats weighed heavy on the major indexes and just as the bulls appeared ready to break through resistance and hit new highs, they found themselves defending support and the 200-day moving averages instead.

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Dow futures are up 157 points to 12,245 while the S&P futures are higher by 16 points to 1,304. Nasdaq futures are showing 29 point pop and are at 2,388. We have a lot to cover in our Members Area so let’s get on it.

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Huge Rebound Expected on Debt-Deal Agreement

CFTC Disclosure: