For 2009

The DOW is down 6 percent while the Nasdaq is +12%.
Oil I still think it goes lower remember last week Sunday's post of potential target area of 57-61 area if you bought USO $40 PUTS.

Stay on top of that trade it is a mega winner

Since March lows

S&P cash

S&P CASH VALUE just broke June's low and now touching the 200 day moving average. Very important to note here that Nasdaq is out performing to the downside.


MARKETJEDI

875 Very important

875 area should provide some support on the S&P futures as said last week. Remember 875 was significant resistance on the upside and would act as important support coming down. Now if we break this 875 level I would expect us to travel down to 842 area.

We will see soon enough.

Closing trade

Closing Oil trade here this morning from last week + $8.50.

Called that one to the exact top area of $72. Oil trading down $3.50 this morning, take the money and run!!!!!


Another Winner!!



MARKETJEDI