Boring

Boring day, got the expected bounce but it looks weak. Just watching to see what develops

S&P

Weekly chart on the S&P 500 here. Though I think we get a bounce in here somewhere I have no idea how far it will go when and if we do. Remember staying below the 50MA is very negative development.

Wall Street: Big Ponzi :)

Next important level

Next important level is 1021/3. If we touch there without any significant bounce we will target 950 as next heavy support area. Blog will be dark till next Monday, happy holidays, be safe.

Closing

Very ugly looking closing here- We have 5 minutes left but it looks like we closing out the quarter at the lows of the month, of the quarter and also of the year 2010. Not a lot of bullish action here. Can't say I didn't warn you.

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.