A Look Ahead: Next Week's Market-Moving Events

By Oliver Pursche  NOV 16, 2012 4:25 PM

Although the S&P is down, stocks are poised to move higher.

 


MINYANVILLE ORIGINAL Although the S&P 500 (INDEXSP:.INX) lost about 1.5% this week, I believe stocks want to move higher. Pre-market futures indicated a higher open for each of the five trading sessions, only to be pressured lower during trading hours on worries over the fiscal cliff. Once a resolution to the fiscal cliff is apparent, expect a significant rally.
 
Next Week's Market Moving Events:
 The Trade:  With politicians on holiday, action in the Middle East heating up, and our expectation for a volatile December, continue to take advantage of any broad market rally to sell weaker names and buy puts for your portfolio.

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No positions in stocks mentioned.