Futures dive

Futures are diving here early overnight. I dont know if there is some news on the auto bailout or some geo-political news but we taking a whacking here 10:30 PM et

S&P levels to watch

We are currently down on the overnight session on news of the Auto bailout being in jeopardy.
If we dont hold 850 the next level to watch is 823-833 with a possible target of 815. This scenario will be negated if we take out 917.50 on the upside.

Will be very interesting

Ways to get postings faster

There are a number of ways to subscribe to the blogs. Two are on the write side of the blog, the first one "Subscribe by email" will send out all updates in the nights. Second options section "Latest Posts" is your RSS feed option which will almost give you real time update of the blog, try that one out if you want your updates as they are posted on the blog. Please email me if there is any problems

How did I know

How did I know some selling would come in today?
You have got to email me and schedule your class!!

DOWN TODAY- HMMMMMMMM

I wonder who said yesterday at the close that we would be down today - hmmmmmm:

Take a wild guess or read yesterday posts


MARKETJEDI

JPM

JPM is saying November was worst month in recent history and that December is looking to eclipse its weakness

Russia default

Russia just defaulted on $40Billion in notes- I guess the whole world is broke!!!

Jobless Claims

Jobless Claims highest number since 1982. Hmm and this doesn't take into account the last 6 weeks of announced layoffs. Can we see a figure up to 800k when it is all over, maybe, that's alot though but maybe we are already heading into those scenarios.