Your MUST-READ Morning Stock Futures Cheat Sheet: Fed inflection

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The Precise Take –  Fed inflection

Big Picture Analysis – Yesterday, bulls closed right at 1315 resistance we had mentioned, and overnight, the ES has accepted ten handles higher.  While it’s too early to tell if the Hilsenrally is a one-off in a bear market, or the re-emergence of the intermediate term bull, bulls retain the short term edge above 1300.  It’s another day of Fed speeches, with  the focus on Bernanke at 10:00 am.  It is not unusual for Bernanke to contradict the last leak (whatever it might have been), as the Fed gauges market reaction to contemplated moves.

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