Will the Market Make a New High Today?

The SPY is gapping up on the open and it is within striking distance of the high of the year. Here's what to watch for.

PRE-OPEN MARKET COMMENTS WEDNESDAY – The market has recovered all of the losses from August through October in a month. That is a testament to how strong the buying pressure is. Inflation readings are subsiding and there is a zero percent likelihood of a Fed rate hike priced into the December and January Fed Funds futures contracts. These are bullish events technically and fundamentally.

Daily Bulletin Continues...