Tuesday, May 25, 2010
BAC breaks $15
BAC breaking lower out of $15 is significant of the banks weakness. MS is also making a 52 week lows, very significant here.
Heavy Gap down
Huge gap down. DOW is off 280 in the first 10 minutes. I am looking at the first hour bracket to see what they want to do.
Oil is also getting killed
Oil is also getting killed
Overnight
Overnight futures seem to be crashing. Still three hours before the open but it seem we will be below DOW10K at the open and S&P looking for some new lows out of the flash crash. We will see what develops
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