Stop right there…

Posted on May 31, 2015 by in Letters

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464

As seen a short term trendline is broken, more significant at this moment than usual because of the precarious state of the market.  bp10 has raised the long term stop as shown to 1943.85.  We also calculated a new high (not exactly, but close enough for government work) 1995.23.

http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=0&dy=0&id=p25278077721&a=410252756

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