Telegram Trading

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Assessment: Moody’s downgrades US economic outlook, but futures rather muted on the news. Big bounce last week, but once again no volume. If there is going to be trading activity then it will likely be this week. Next week with the Thanksgiving holiday should see low volume and typically that brings a bullish outcome. We have the debt debate this week with the deadline of Friday, so that could cause fireworks too. I am not sure what to expect, so I will sit back and see if Monday’s action, especially in the afternoon, provides any hints.

Good luck in your trades!