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Minyanville's T3 Morning Market Call: Can S&P Reclaim 200-Day Moving Average?
S&P (NASDAQSP:.INX) futures are off about six handles this morning as the post-election selling continues. With a down open this morning the S&P will be opening below its 200-day moving average and it will be important to see whether it accelerates below or reclaims the MA in the next few sessions. Newly re-elected President Obama will be speaking today on the fiscal cliff and the economy and investors will be watching to see whether his words have a calming effect on the market. The European debt crisis is also back in the headlines after being overshadowed for the past ...
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