Stocks are now very slightly oversold heading into a strong seasonal period. In a vacuum those two factors should give the market a bullish bias over the next few days. But its not that simple as the elections and QE II are just around the corner as well.
It is becoming somewhat conventional wisdom that QE II will be a sell the news event. Does that mean they try to sell ahead of it or does that make it a self fulfilling prophecy? Have a good night.