Market Analysis for Nov 14th, 2003

Another Wild Friday
By Mike Paulenoff,

It's been another wild Friday just like last Friday when you had the payroll data which popped the markets and then was followed by a significant intraday sell-off that started the move in the E-mini S&P down from 1064 , to Tuesday's low at 1041 ,.

Then today you had a whole slew of data come out, most of which wasn't all that fantastic. Nonetheless, the market held up very well through the data. Apparently, the psychology was if you're not going to sell them as a result of this type of data then you ought to buy them. Sure enough, the E-mini S&P took off from its range around 1057-59, and popped to 1064

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