1/20/09
VIX watch
54 would be a trend line break and mini crash possible...need to watch this as mentioned last week
52.50 now
XLF daily and weekly...perspective
you have to watch for a low, I don't care how many years it takes
Is it me but is Obama's speech boring?
SPX 821 bounce here ready? Banks suck...looks like JPM is losing their buds in Bush and the selling begins down to $19 today...Look for a possible double bottom in the XLF 8.80 ish... ?...maybe just a temp support level
Have to take a very old very sick dog to the Vet
Back around noon. Watch SPX 817. The financials are getting sacked hard STT ect
1/19/09
UK Bank action Monday
As mentioned last week, I am seeing broader market indexes diverge from horrific financial stocks and banking ETF performance.
Monday the UK dilutive bailout of RBS killed that stock but the FTSE fell less than 1%
Traders are all out of financial exposure or the spring is coiled for the broader indexes to follow.
Right now in the UK and Friday in the US the general markets are moving counter to financials
Watching XLF and VIX.
Monday the UK dilutive bailout of RBS killed that stock but the FTSE fell less than 1%
Traders are all out of financial exposure or the spring is coiled for the broader indexes to follow.
Right now in the UK and Friday in the US the general markets are moving counter to financials
Watching XLF and VIX.
1/16/09
Ranges for the close
XLF is really the only sector besides oil that is down....No legs shon so far today and a long weekend for the market
Market Digesting a lot of bad news But up 86 here on the DOW
May take a few hours to work off Thursdays close and todays open if it wants to go higher today...Options Exp tend to neutralize the movement
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