The Friday action was very encouraging for the bears.
Earlier last week, I sensed something was about to happen the day after April 15th, tax returns.
Is this the turning point for the market?
The market turned around from downtrend to uptrend from March low in 2009. The Citigroup news turned the market around. Now Goldman Sachs, another bank stock news, could signal the turnaround from uptrend to downtrend.
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I just more another batch of TZA at 6.10.
ReplyDeleteI blew off work on friday and biked all day.
ReplyDeleteI checked in at 2:00 pm on the market and was relieved to see such a horrible day!! :-)
I will add more spxu if we hit under 28 again, but that is looking less likely as the day progresses, so I probably forget that idea.
So has the government started selling it's C shares? it surely had to squeeze in some of the 1 billion traded today ;)
IT is probably too late to short airlines for lost revenue from not flying and probably extended losses from extra aircraft maintenance on engines when they start flying through the volcanic clouds like idiots?
scomoy
Also the last couple weeks ago, lots of analysts upgrade individual stocks. That was the sign of possible the market reversal.
ReplyDeleteI know this is too early to tell.
At least the market didn't have any gaps to fill above from this level.
well looks like they couldn't push it lower 2x so they gave up.
ReplyDeleteclosing green today perhaps?
snonines
The market is done.
ReplyDeleteLots of individual stocks are changing trend.
X, CLF, POT, GS, GOOG
SPY is acting retarded. 119.75. going to b/o over morning high for sure now.
ReplyDeleteunqui
VIX really took a dive too.
ReplyDelete19 this morning, back to 17.78 now!
lundito