Monday, June 22, 2009

Interesting isn't it??????

Anyone see where we closed on the ES futures??????

888.50!!!!!!

Mentioned the 888.75 area before lunch time today. Man oh man ACCURACY!!!


If we break 875 strong this week we should get a nice push down this time. Remember tomorrow is tuesday and turn around tuesday is in effect but with a trend day down today we will more likely chop.



MARKETJEDI

Note the voume on the upside

I commented on the upgrades of the financials last week especially BAC but we haven't moved higher. Today's move down is solely the banks and oil stocks.


Trend day down

Trend day down developing. No fade and we broke that 898. Next level at watch is 888.75

Market weak

Market looks weak here- See if they hold that 898 level on the S&P noted last week as that is first line support.

GS

Funny has Goldman Sachs announcing this morning of the highest bonus payouts ever for the company due to trading currencies. Hmm I wonder if that was the reason why a month ago they were in a rush to pay back the TARP funds so they woundn't have any restrictions on these payouts. Also they uses the TARP money to trade currencies instead of using it for what it was intended to be used for.
Man oh man when will the corruption and scamming stop.