Wednesday, November 13, 2013

Guideline For NQ on Thursday

The market rocketed up on Wednesday ahead of Janet Yellin's appearance before the senate on Thursday, most certainly the courtesy of gigantic Fed's buying programs.
For Thursday, with Yellin in front of the senate, it is very hard to think that the Fed will not continue to buy the market in order to make things looks rosy.

Key support for the current uptrend to continue on Thursday is 3380.
-- Above 3380 NQ should continue to rally.
-- In the unlikely event that NQ clearly break below 3380, other supports below are 3365, 3350.