Thursday, December 8, 2011

Sit On Your Hands

Unemployment claims drop big, waiting for next week's revision up, and market jumps up.  S&P finally got over the 200 day for literally a minute and then smacked right back down by ECB rumors.  US markets are still run by Europe and waiting for this weekends answer.

Tuesday, December 6, 2011

200 Day vs Santa

S&P ran up to the 200 day and then downgrade warnings on basically everybody in Europe and failed 200 day breakout attempt #1.  Really it's just wait for the weekend and see for save Euro conference #140, there's as many of these as UFC fights.  Chart wise we're looking like a failed upside breakout attempt this morning, but it is December and everybody loves a Santa Claus rally.