The trading was a bit quiet today, however the market tanked due to banks. I also think it was partially due to European crisis as well. Recently in Germany a poll was taken and it revealed that more than 50% Germans wish to go back to Deutsche Mark rather than staying with Euro. More and Continue reading →
We are technically still in bearish territory. When you look at where SPY (for example) is trading (or you can also take a look at SPX), it is still trading below 200 day MA. It however knocked on that resistance several times (which may be a sign of a break thru sometime in the future). Continue reading →
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