Wednesday, October 3, 2012

Wednesday evening

SPX squeaked out a close above 1450, and S&P futures managed to close above the 20day WMA for the first time in 7 days. The OEX P/C ratio dropped back down today, although it's still giving a bearish signal for the market. Sentimentrader short term indicators are looking mixed, although they're getting closer to ripe for selling again.

The first presidential debate is scheduled for tonight, and I think we might see some volatility in equity futures. Kick off is at 8pm ET.

Relax :)