Minyanville's T3 Morning Market Call: Futures Erase Afternoon Bounce as Fiscal Cliff Looms
The roller coaster continues as futures were set to open sharply lower this morning following yesterday's afternoon comeback. Lawmakers are planning another round of fiscal cliff talks but a deal does not seem imminent. In this type of headline-driven tape it's best to pare down risk and wait for more calculated opportunities. Apple (NASDAQ:AAPL) flirted with major support at $501.23 yesterday but staged a strong bounce. Use today's high and low as short-term points of reference. LinkedIn (NASDAQ:LNKD) held up well in upper level base yesterday and continues to show commitment to upper levels. It could be one stock ...
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