The market is at a crossroad. Is it going to shoot higher or retrace back down to close some gaps between last Friday and this Monday area for SPY.
CLF is hovering around 55 to 60, but the 13 day moving average is still pointed downward.
Could S&P 500 hit 1180?
Yesterday volume was some what light.
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Things are pretty range bound right now. I have a buy signal on the hourlies, but the tape hasn't broken out yet.
ReplyDeleteLots of conflicting signals. VIX is down while the S&P is down. Dollar is up while oil is down.
the VIX looks off. i'm showing -4.04 @ 24.80 11:40 am.
ReplyDeleteI don't remember being at 28.80 yesterday.
we were < 26 running into close from what I can tell.
vicalket
well well well
ReplyDeletethat took all day to fall apart.
maybe no one likes obama's high speed rail plan (he was reading off his teleprompters around 2:50pm?)
so we maxed S&P 1173 today..almost 1175/1180..
why do i think something is up for tomorrow morning.
spotentr
people were locked out of FAZ/FAS during the plunge?
ReplyDeletehttp://www.gamingthemarket.com/financial-armageddon-zombies.html
restro
I think 1173 was the high. Although I ain't putting money on it right now.
ReplyDelete