Quail-There are some positives. Unless something real neg. in stat number's turn's up this week or next, the general market should hold the support level's. IMO this is approx. 1310-20 S&P--& dow 12,400.
This was resistance on the way up, & hopefully support if some weakness hit's near term. I think what very few expect right now are some POSITIVE job etc. stat's-that's where the upside suprise could come from! Everybody seem's fixated on budget/debt issues at the moment"!
Market Spirit's " on most board's are also pretty bla/complacent right now. The speculative juices are MIA IMO. Actually most retail is absent anyway, & the "black box" inst. will be tempted to jump on board if the tech. hold up IMO.
Granted anything can happen day to day, but as the cramer clown said, he think's it's a little late to sell-I agree. Might be a tad early to jump in with both feet but just sitting tight for a bit might be the best course right now. GL