Dec 6 - Bulls are getting tired and the bears aren't ready to do much about it. I'm still looking for that pullback into the 1230 area on the SPX and then we'll reevaluate.
Major indexes find falling 200-day MA, with 50-day MA below it. Fair warning, then, is given to anyone long common stocks. $VIX in suspended animation since August appears a glaring red flag in light of today's MA message.
Best recalled here is 2008's experience exposing the speed and depth to which equities can crater when credit securities underlying a heavily leveraged financial system implode. Given affairs in Europe and the market's technical condition, caveat emptor is due.
Major indexes find falling 200-day MA, with 50-day MA below it. Fair warning, then, is given to anyone long common stocks. $VIX in suspended animation since August appears a glaring red flag in light of today's MA message.
Best recalled here is 2008's experience exposing the speed and depth to which equities can crater when credit securities underlying a heavily leveraged financial system implode. Given affairs in Europe and the market's technical condition, caveat emptor is due.
MrTGolden 2 months ago