Hi Red, I may have figured out why the Consumer and Michigan sentiment are out of touch with the market. Both had 15% to 17% historical drops. If the Local news, would ever stop reporting all the personal economic tragedies, folks with livelihoods at risk in the gulf region, ( 100 straight days of this) of course the sentiment is going to drop off the cliff. The first BIG BOx Retail store earnings release…Should beat st. by 20%. Do you see the disconnect?
Something is fishy there… that's for sure! I can't see it rallying back up there on Monday, but stranger things have happened.
On the NASDAQ quotes, two big SPY spikes, 1 and 2 million shares at 109.78!
Yeah Z….
Be careful on the long side, as that 106.66 spy close is sending us a message… and it's not to buy!
You are too good at calling them Anna! LOL… Congratulations!
I bought the DIP.
Long, IWM at the 50% retracement.
Using a 0.65% stop, because there might be a BlackMonday.
Hi Red,
I may have figured out why the Consumer and Michigan sentiment are out of touch with the market. Both had 15% to 17% historical drops.
If the Local news, would ever stop reporting all the personal economic tragedies, folks with livelihoods at risk in the gulf region, ( 100 straight days of this) of course the sentiment is going to drop off the cliff.
The first BIG BOx Retail store earnings release…Should beat st. by 20%.
Do you see the disconnect?
http://www.screencast.com/users/Annamall2/folde…
Ah, I'm a different gen, then. My grade school memories are A bomb drills and JFK assassination (6th grade). 🙂
The bell just rang, and I seen 106.66 on the dot! Look out bulls, your about to be steak dinner next week!
If we close at 106.66 spy… Black Monday is coming!