DOW stocks

All 30 DOW stocks are down for the quarter. I thought we were recovering :)

This Quarter

Did anyone realize the markets are down 12% from its high in this quarter. Not looking great for the cramers of the world.

BINGO

Another Bingo hit the 1042. Actually went to 1041. The beauty of technical analysis called it last thursday. The Adv/Decline line is horrible and I expect us to finish near the lows.

Gap down

Huge gap down- I guess the triangle analysis worked- Man oh Man those who don't believe in technicals are so wrong.

Markets

The gap down this morning looks like a continuation of the triangle break post last yesterday evening. Now if we don't resolver 1/2 of the gap by 2PM today then i am sure we heading towards the lows mentioned last week of 1042 on the S&P which is my target.
We are weak here and folks trying to find good news to push us higher but it is not sticking I am watching the financials carefully as they essentially was the big bouncers from the 2009 lows and I expect them to be the first ones to show weakness before we get a real push on the downside.
Watch as usual BAC $15 level, very important for this stock.

SPY

The triangle has resolved itself to the downside. Should be interesting here

Friday's action

A Doji on the daily chart signals we might be ready for a bounce