Not looking too good for the bulls so far...overnight action has the es below the close on friday and in the 724-729 range
dow minis below 7000
USD getting stronger with the euro taking a nice mini beating
if this trend continues and dollar keeps getting stronger we could see some wipe outs in equity space
Its a scary place to be for sure...I would say watch the dx and the usd.eur cross as they sometimes can anticipate rebounds/dumps in equity...strengthening dollar = fear/delevering/equity risk asset dumpage
it is especially dangerous now as we are below so many key support lines...stay frosty
2 comments:
Just getting uglier. I jettisoned the amzn chick for very small gain, and put a tight collar on the sndk biaaaatch. Well ahead on the tbt so it will stay as is.
Dooooom Gloooom!
yup nothing good about this chit...scary actually
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