Bears Keep Trying

Bears were able to stick some down on the indexes as financial stocks remained on the critical list. Another rally off the daily lows however again spoiled the break as short covering erupted in the last hour of trade. Bears have a bunch of catching up to do if their rhetoric is going to match prices. Some believe this will happen if commodity prices join in a lock step deflationary break over the coming months. With the two party candidates able to frame their strategies, the markets will try to determine the odds of victory for each. As for the overall market indexes, NQ100 is still marginally predicting higher index prices over the coming months.