The wafting syndrome returned on Tuesday, although hardly with a vengeance. I expect the short-covering to continue on Wednesday, albeit with limitations that are spelled out in the latest E-Mini S&P tout. We’d been looking for an opportunity to get short on a rally into Thursday’s New Year’s Eve-shortened session, and this may be it. Be sure to visit the chat room for a play-by-play in real time that could help simplify the decision.
