SPX 500 - Wednesday 12-07-11

The SPX 500 sits slightly lower yesterday’s close on the S&P 500. The SPX 500 has continued to gain ground after the central banks have lowered the cost of borrowing the USD by 50 basis points. However volume has been light as we approach the EU summit on Friday. Thursday there are several economic releases including an ECB Press Conference at 8:30am EST. Do not over leverage your positions as volume will increase. Be sure to watch for any news out of Europe as we know it can shift the markets quickly.