​ Spu’s are right back at the Fed meeting highs. I’d think you’d see some low volume wiggle back down to test the meddle of the Bulls into the moving averages.

Having said that, daily market tone has generally setup in the first 5 minutes of trade for the past 2 weeks.

The expected capital flow for the first trading day of the year is up.

Traders have already started to position themselves for this flow as to not chase strength the first trading day of the new year.

This year Globex is open Sunday night so Futures traders can front run the expected cash buy orders.

The only #’s that matter are tomorrow’s closes.

Our quarterly technical road map will be published over the weekend.

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The premise behind writing these reports is to put together a picture of the near term market drivers in a quick digestible format. (which instruments are wearing the big boy pants, leading indices or other names).My clientele includes the professional day trader, hedge Fund manager, CTA’s, private wealth managers and of course the semi retired individuals looking to manage or preserve their retirement.

I would like to invite you to comment on the content & format of these posts keeping in mind that it is not a one style fits all endeavor.Different investors have varying time horizons, trading styles and risk tolerances often deploying strategies that might not be right for another.