Starting the week premarket looking very negative. Thursday and Friday volume was extremely light with all the debt ceiling talks and the futures are down on the news that there is no deal yet. I don't expect much to happen in terms of volume or move till Washington gets a deal done but know Washington this is going to go to the wire as both parties are trying to score political points.
When announced I suspect the initial reaction to be up and due to the light volume it wont take but a few big traders to up the market significantly higher initially, what will be the true test is how we trade a week after the announcement. Till then most managers and funds will be on the sidelines.
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