Like I said in the previous days, you will probably not going to see a right shoulder forming.
The S&P 500 had a hard time breaking above 1103 to 1105 area.
The spot gold and gold stocks are moving down.
The VIX remains above 30 and TZA didn't break below 6.50. The 6.50 is a very strong support level for TZA.
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boy oh boy!
ReplyDeletedid they ever try to hold on to DOW 10,000.. that was a pretty long fight!
tingedes
Two days ago, I mentioned this is the beginning of second leg down. It is happening now.
ReplyDeleteThere are some individual stocks are already in that phase.
The QQQQ failed to reach 47 target. It was close to it at 46.77. It meaned that there are more selling pressure than buying.
$TRIN 12.67!!!
ReplyDeleteHOLY SMOKES!
never seen it that high in the afternoon!!
back to 9.33
i don't remember the 'flash crash' values.
clacisti
$TRIN 19.10 hit today!! BOOO YAH!!
ReplyDeletehttp://www.insidestocks.com/quote.asp?sym=$TRIN&code=BSTK
lamersic
Have a good weekend all!
ReplyDelete