http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=7&dy=0&id=p23340123349&a=298224028 Thursday's air pocket tore a short term hole in the trend and blasted through several trendlines. The trendlines from Feb and Apr would certainly foretell further damage. Worse,…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 Although the day is young, a 30 point move in the SPX with a broken trendline is sufficient for us to begin hedging. We closed some UPRO positions…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 The top trendline here appears to be vulnerable to being broken. This will inevitably cause some commotion -- how much unknown, but some. The next trendline down is…
Top chatter continues apace and some talking heads are worried about the fact that there has been no correction for 70 odd days. In line with that the Tell on…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 The pyrotechnics of Thursday and Friday might obscure what is going on. But we should look at those days just briefly. Thursday was a day of professional panic.…
