Incorrect 1043

Not 1043 number is 1039.

That's the all important number on the S&P

Banks

The banks are technically breaking down here. They will definitely see lower prices.

1043

That's the magic number for the close. Bulls might be DEAD if we don't close above that number

Travel cancelled

Oh this weather looks dangerous so no travel. Well we traded down to 1050 on the S&P overnight and looks like a bouncey bouncey. The numbers for the employment look dim and I fear we will see more of the same for the next 4-6 quarters as firms are still laying off workers.
Will be watching the $ today of any signs of stability in the Euro zone.

shoooosh

Wow seem like I am always busy or out on the huge days. well two weeks ago I called the top one day before it happen noting all the factors were in place for this up move to end. Tomorrow I will be traveling so I wont have an eye on the market but by todays action is seems no one out there is buying and definitely getting themselves into cash.
I don't think this is the move that will take us down to 8500 area but I do think we will see lower prices here after we digest today's move.

I should be back on tuesday

Hmmmm

Well I have been on the phone all morning and travelling tomorrow depending on the weather but I really just realized what is sending the market down today. This might get ugly in a fast way. Look at Oil, wow.
Months ago I said Europe is in problems and it will come home to investors here and we are just seeing the tip of the problems I believe in Europe.

1101

1101 is my marker for tomorrow. We have to stay above that 1101 area to be bullish. 1109 is resistance