POWER DATA ONE WEEK AHEAD - Provides an 80% Correlation to the SPX

Thursday, September 29, 2011

Market Timing-Whats Next -SPT 29th UPDATE AT CLOSE

U.S. stocks are set to rebound out of the gate today, as Wall Street cheers the latest developments from across the pond. Specifically, Germany's lower house of parliament followed Finland's lead, voting to approve a proposed expansion to the European Financial Stability Fund (EFSF). The news has helped to overshadow some uninspiring comments from Federal Reserve Chairman Ben Bernanke, who last night called the current unemployment backdrop "a national crisis," and called on Capitol Hill to implement policies that would put people back to work. However, the bulls aren't yet out of the woods, with officials from the European Union (EU), European Central Bank (ECB), and International Monetary Fund (IMF) slated to converge on Athens to review Greece's compliance with bailout requirements. Nevertheless, the Dow Jones Industrial Average (DJIA) is flirting with a triple-digit lead ahead of the bell, while the broader S&P 500 Index (SPX) is lingering about 9.5 points above fair value.

Spt 29th @ 9am


Today may be analogous to JULY 25th


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