31 December 2009

On Deck for January 2010: 1060 or 1160 in the SP 500?


Here is a slightly different view of the SP 500 daily chart, showing potential retracement levels if it breaks down.

Try not to get in front of the move. This market is 70% program trading again.

Bonne Heureuse Année mes amis


SP 500 March Futures with Fibonacci Retracements (if there is a serious correction)



Longer Term View of the SP 500



And Then There Is Tech..



VIX: Back to Complacency
As a dog returns to its vomit, so a fool repeats his folly.



For last year's words belong to last year's language
And next year's words await another voice.
And to make an end is to make a beginning.

T.S. Eliot, Little Gidding

The banks must be restrained, the financial system reformed, and balance restored to the economy before there can be any sustained recovery.