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.


Click above images for larger size.

To contact the reporter on this story: Bob English at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com