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The MARKET VU SHOW 10/10
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Yesterday’s Action From the trading desk of Canslim.net>Tuesday the Dow Jones Industrial Average lost 4.94 points or 0.05% closing at 10,386.37 while the bellwether S&P 500 decreased 0.81 points or 0.07% ending the session at 1,164.08. The New York Stock Exchange volume total increased 7% from the prior session to 1.45 billion shares as big board advancers outpaced decliners 1,908 to 1,360 and there were 232 new 52-week highs and 7 new lows. The Nasdaq Composite gained 4.08 or 0.20% closing at 2,043.33 and the Nasdaq exchange's volume increased 5% to 1.69 billion shares. On Nasdaq advancers outpaced decliners 1,711 to 1,383 with 150 new 52-week highs and 26 new lows. The markets were confined to a fairly tight trading range today with the major indices showing brief gains in the morning, then slumping into negative territory near noon, then rallying again in the afternoon only to ultimately end the session mixed and relatively close to the unchanged mark. Another important event working in favor of investors behind the scenes today was that crude oil fell another -$1.72, closing at $47.37 per barrel. Now that we have gotten past the election jitters and last week's employment report, investors are anxiously awaiting the outcome of tomorrow's Federal Reserve meeting. The consensus is that the Fed will raise interest rates by 25 basis points while still keeping rates near historically low levels.

Today: Trade Balance -$51.6 bln vs -$54.0 bln consensus.. Initial Claims 333K vs 340K consensus lowest level since July. Financial Markets uptick..2est is Treasury Budget//2:15 is Treasury Budge(It is widely expected that the FOMC will raise the fed funds rate 25 basis points to 2% at 14:15 ET; fed funds futures market also currently leaning in favor of another 25 basis points hike in December)..Yesterday THE DEAN",Peter Z got the big nod on RIMM,,pointing out supp at the Sep peak.Rimm bid up this morning..GOOG and related stocks bid up this morning..JRJC in the CHINA group up on earnings..DELL gets UBS downgraded...BMY saying SEC is conducting an informal inquiry into some of its German pharmaceutical units.GE will market DFIB device..EGHT in a VOIP partnership & follow-through interest following FCC ruling on VoIP yesterday/ ARTX,RSTI up on earnings..INCX,ECST ,GOAM continues recent momentum.. Down on disappointing news/guidance: CSCO -3.6%, LGND -10.6%


Key SP Pit numbers from Kwik Trading>Key numbers from the SP pit will be posted on the show..
Want to know what key numbers Pit traders are looking at? Big boys or locals buying? Complete coverage from the SP’s to the Cattle pits. Get the day traders Market Profile numbers and OPENING Rng....Call the trading desk at KWIK Trading. Call 800.467.5945.. Kwik trading is now offering commission free forex currency and metals trading .There is a free demo platform (which includes free quotes and charts. Is that enough 'free's? Call 800.467.5945 for more info.

SPMentor> 71.75 is key..1160.25 is key on the downside..SP’s are consolidating..Steve posted the 60min extreme points. Potential top for a correction?? 1158.50 is key for downside supp..
Steve will update during the trading day.. For a free trial of Steve Rifkin's S&P LIVE Mentorship where it's always called out live as the market trades and the Nature's Force E-Letter Report - review of the recent trading day, with key levels for the next trading day click here.
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eButler serves The Commodities Report > Mr.Butler defined how he uses TREND..Know why CRUDE 48.50 is KEY??...Change of trend coming??/Listen in.Gold,SILVER,Dollar charts were posted..COFFE setting up.This morning The Dollar hits a record low against the Euro.. Gold notches a fresh 16-year high above its 2004 highs as the Dollar weakens. Ask for Commodity Mentor Trade Summary Sheet.
Contact at 800.467.5945 or http://www.tgmti.com/contact.asp

Chris “Swing Man Tyler > Posting charts on SPY..Upper FIB res at 118.15.. Below 116.70 is a sell trigger..Long side setup charts on MRVL(28.42 res),INCX 21res target was hit after the close has good,this has good fundamentals.. MATK is on the radar..

Bestradess Vu’s > Morgan Stanly downgrade on Semi’s..Posted charts on SMH 32.48 and 31.83(Key FIB number) are key…NQ’s were posted.