Thought

I am still thinking we have more upside- I am watching but market is getting very boring here as most as waiting for Earnings Season and with that I believe the chances of us going higher is a much better play.
Stay light remember it is summer

Dead On

Dead on Sunday night on this bounce even yesterday when we dive I noted we should not be ready to call it a done deal, why? Well we have a lot of oversold signals and although the path of least resistance is down we just won't go there in a straight line so we have to absorb some of this oversold condition first.
Will be out for the rest of day.

Boring

Well a boring day brought in some selling. The bulls are so weak they could not even hold us up after a strong open. Still have two hours in the books and I don't believe we will die here

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.