- And that's why I respect the 90 MA. Risk increases below it.
- Yesterday was bad for the bulls. Oversold is getting even more oversold. This oversold is comparable to fall 2008, spring 2009 and summer 2010...very overdone.
- Expecting a bounce. Bounces below 90 MA are shortable.
- Below, chart on historical duration of unemployment. A prayer to God for those that need His strength and comfort during these unimaginable times.
Into the long weekend
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US equity indexes closed significantly higher, SPX +80pts (1.1%) at 7500.
Nasdaq comp' +1.9%. Dow +0.1%. The Transports settled +0.5%. R2K +2.0%
SPX – da...
1 hour ago
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