12454 here

12454 here with 40 minutes to go. If I was a betting man I would bet they push us lower into the close. Well will see soon enough

Trade Call:

I will be giving a trade call later today or early tomorrow. Very good risk reward

Financials

Financials just got downgraded by S&P the investment banks in their opinion might have to seek new capital. Hmmm I have been saying that forever, good one S&P..

Citibanks dead, GS dead, LEH dead, MER dead, JPM dead.

The banks were also put on negative watch including Bank of America.

Been saying it stay away from financials!!!!!!

Brokers

Anyone notice the Brokers are getting killed here.

Internals

Internals are bad but not terrible but market has no interest to bounce yet. Once again be careful is you are long. Long is wrong today

12491

Below the 12500 here. Be careful on longs!!!!!!!

12500

12500 coming up was the figure mentioned out of the triangle. The bulls must make a stand here before the close and hold that level .

Trade Update: WFMI

WFMI just removed from JP Morgan conviction list. should see $26 short term