AIG Dissapoints---11700 Resistance----South Korea Raises

Oil closed at $118.58pb today. Down .59pb on the session.

Gold closed at $883.00po. Down $3.10po today.

Dow finished the session at 11,656.07points. Up a total of 40.3 points today.

Tomorrows fundamentals look like this.

http://www.bloomberg.com/markets/ecalendar/index.html

Thursday should open lower if the current status of the futures point correctly
(Dow Futures 63 points down @ 1130pmEST)

11700 is a solid resistance point for the Dow to pass. In the next couple days we might either see it pass that point of turn back and head South on bad new in the Financials or higher commodity or oil prices.

South Korea surprisingly raised rates today. As a key trade partner, this will have a negative effect toward the USD.

AIG dissapointed the street by the reporting a $5.36 billion quarterly net loss.

This might make the market wonder what else is out there for other large institution s to show.

Good Fortune from Trade Equity!!!