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E-Mini S&P 500: No fly zone over Wall Street?
The E-Mini S&P 500 had an inside to higher day as we had anticipated, but with lighter volume. This market has faced headwinds in the recent weeks as Maummar Gaddafi troops rained destruction on protestors who launched revolts against the ruling dictator. The US has waited for NATO to vote and issue the No Fly Zone over Libya adding that the mission is to save civilians and not oppose the current regime. Japan has controlled the nuclear incident to the point of giving a renewed confidence in the strength of their industrious nation. This market needs some buying momentum to jet to new levels. The Crude Oil has been a drag for the market as inflation concerns may pressure the E-Mini S&P 500. On the stock side, Netflix Inc. was up 3.2 while Walgreen Co. was down 6.4 . Sprint Nextel Corp was up 3.9 %. There are mixed reports and mixed sentiments floating about in the marketplace.
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