12 January 2010

12 JAN 2010, Tuesday





  1. What??!  A down day?  I had to call my data vendor and make sure the feed was accurate.  OK...kidding, but multi day slow grinding moves can be very frustrating.
  2. Below, now that we're in earnings season it's worthwhile to see what's occurred recently.





  1. Below, commentary on chart.  It's still up.  (scratched prior short term trading commentary so as not to confuse investors).
  2. I, personally, am starting to get a bearish itch again that hasn't happened since October and this is very countertrend...but I am watching for clues.  Will see how it plays out.  Solidly break below SP 1120 and stay below and I'll feel way more comfortable. 
  3. Day by day...it's the only way!

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