11.11.11 U.S. Market Preview: It might be Veteran's Day but in equities it's Romper Room Time

By John Galt
November 11, 2011 – 05:25 ET

S&P 1254 is resistance still, 1220 support.

The bond market is closed today and there are many traders enjoying a day off so it means the kids will have free reign to ramp this sucker up so do not be shocked if we see a day of +12 on the S&P and 120+ on the DJIA. Adult supervision will return on Monday.

Sunday night will be the key as the Yen is surging again this morning and no deal of any sort to save Europe's PIIGS has been developed beyond buying bonds which has worked oh so well for strengthening the U.S. economy; NOT!