Pre-open eMini SP 500 Morning Report 5.24.10

This is a guest post from Precision Capital Management

The Precise Take – Markets starved for good news

Big Picture Analysis:  After a shaky start, despite the strong day for equities Friday (and the suspiciously strong close), sentiment is incredulous as to rally potential.  With fingers hovering over the sell button, the markets probably need a big dose of favorable news to avert another quick and painful selloff.  We’ve been targeting today as a good candidate, but nothing has yet emerged from the weekend discussions in Europe.  From a seasonality standpoint, Tuesdays have been especially weak and Wednesdays…

Read the whole report here:

http://www.precisioncapmgt.com/wp-content/uploads/Precision_Report_May_24_10.pdf