Your MUST-READ Morning Stock Futures Cheat Sheet: Closing the year

The exclusive Markets Morning Report is supplied by The Precision Report.

The Precise Take – Closing the year

Big Picture Analysis:  Chicago PMI at 9:42 am and Pending Home Sales at 10:00 am could be market movers, but things should quiet down afterwards unless headline risk surfaces.  Yesterday was likely a shakeout of weak longs, but we are paying attention to the fact that this was another selloff from the 200 day MA.  We will return January 3, 2012.

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