9:00 AM
The pre-market is up a little. I should take a sideline position since the bond yield is at 4.12% in last closing session, which means, that it positioned for .25 fed funds rate cut. Current fed funds rate is 4.5%. The last session's high for Dow was 13774. Watch it closely, see if it can be broken. The truth worry for the bear is not up side, it is really the down side. If the market extends its rally from here, it is not a good sign. But if it can hold 1480-1490 level in SP, it is a good chance that the market will go up for the Xmas rally.
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