I thought I would post some links to what I found to be good articles on the current market conditions and what is going on behind the scenes that might not be hitting the economic calendars. Hopefully the links will be good for awhile.
Check out:
http://finance.yahoo.com/banking-budgeting/article/106201/Ignore-the-Stock-Market-Until-February
http://www.forexfactory.com/news.php?do=news&id=132147
As much as investors would like to see things turn around, the data and conditions still support the bear market. This will likely be a week of high volatility due to end of month and ISM and non-farm payroll data hitting.
Typically we see a 'Santa Claus' rally in the markets close to the holiday. We'll see if this year repeats or not.
I trade Forex not equities. Current recommended strategy is trend following. With the Paradise auto-trading program you can follow the trend direction but still use the counter-trend method of multiplying lot sizes on reversals. See http://www.secretsfromtheheart.com/ for more info.
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