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E-Mini S&P 500 faces headwinds!

The E-Mini S&P 500 attempted to lurch forward as Bernanke spoke about fears of inflation! He stated to the House Panel that 9 % Unemployment was simply too high and the rate of inflation too low to stir away from the current policy stand. Coca Cola and Walt Disney reported strong earnings today holding the market on course. Bank of America also rose toward the end of the day allowing the market to drift higher.  Clearly the market lacked some direction today!  A breeze of economic reports were missing today, anchoring the E-Mini S&P 500 enough to pause at $1322.00. The E-Mini S&P 500 still is in an uptrend. The low of the day was $1311.75.  The close was $1319.25.


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