Brawling ended......NICE !!!!

After bickering for months, Democrats & Republicans are doing the right thing.

Deal is ready for voting.

Futures are flying in anticipation as follows :

Dow UP +166

S&P 500 UP +18

Nasdaq UP +29

Gold  Down $16.60

Oil  UP $1.44

Canadian $ UP 51 tick @ 105.16

RSI in Indices are as follows :

S&P 500 40.93

Dow 38.97

Nasdaq 45.70

Asian Market UP...Nikkei UP 1.8%

As markets are deeply oversold, there is a good chance that
rally may last until close on Monday.

One needs to realise that any final deal will have ramification for
this slowing economy.Cutbacks are never helpful when economic
picture is not bright.

Also there is a chance of US downgrade to AA.

Plus the most important news of the week, Jobs report
on Friday may be weak.

I may be booking profit in this rally on Monday, as Tuesday
may bring critical analysis of this deal.

My suggestion is, not to get carried away with this deal.

Summer is not the best time for market.

Earnings impact may be @ tail end.

BLOG does NOT give buy or sell.

Saleem