Turning Stock Market Fear Into Money With Debt Crisis

Now you can follow me on

and

Chris Vermeulen is looking for a market bounce and some buying opportunities in the coming week. The full article is

In short, this coming week the market has a big wild card on the table. Until we know what that is be very cautious with trading positions. Just now/tonight Obama said a deal was reached to end debt issue and urges both parties to do the right thing and support this deal over the next 2 days. This deal will raise the debt limit and will cut $2.5 trillion from the deficit over the next 10 years.

We are seeing a 20 point jump in the SP500 futures from this news just moments ago so this just may be the bounce/rally I am looking for.

Technically I feel higher prices should take place in stocks but we may have a couple volatile sessions with lower prices before a strong jump in price as this news is not set in stone just yet and we have a couple days before we know what the final decision is…

Market News and Data brought to you by Benzinga APIs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Turning Stock Market Fear Into Money With Debt Crisis