I don’t think they are going to let this market go down much today because of the weekly rising trendline of support from the 2011 low is still VERY important for them to keep. It broke last Friday and if they let it break again today I think mutual funds and hedge fund companies will hit the sell button hard if they see it close below it 2 weeks in a row. It’s around 2083 SPX from what I can see.
They’ve been whacking all of the China play stocks the last few days sans today with the yuan devaluation. All of the luxury retailers, YUM, Mercedes Benz. I wonder if SBUX is even considered a China play. Macy’s, a Chinese tourist retail destination play????
Get a screenshot and post it or email it too me please.
And another VXX fake print this morning.
I don’t think they are going to let this market go down much today because of the weekly rising trendline of support from the 2011 low is still VERY important for them to keep. It broke last Friday and if they let it break again today I think mutual funds and hedge fund companies will hit the sell button hard if they see it close below it 2 weeks in a row. It’s around 2083 SPX from what I can see.
ES Futures Update: http://screencast.com/t/A17Ez9pmT
They’ve been whacking all of the China play stocks the last few days sans today with the yuan devaluation. All of the luxury retailers, YUM, Mercedes Benz. I wonder if SBUX is even considered a China play. Macy’s, a Chinese tourist retail destination play????
Time for some Tebowmania!!!!!! Happy 28th birthday Tebow tomorrow (Friday). It looks like he’ll be making the SILVER LINING PLAYBOOK EAGLES.
New moon basically conjunct the Venus Sun conjunction in Leo tomorrow as well. It’s a 91 as well. The usual 136, 46, 24, 1212 ie 33. 85 of course.
SPX Update: http://screencast.com/t/SUUKNYBkKzo
ES Futures Update: http://screencast.com/t/HgsO94OV
Thanks Leo,
Still checking in when I get chances!
Quick 5 minute comparison chart of the 2011 sell off in the SPX: http://screencast.com/t/xDWJBSooe