We owe trillions of dollars, but Crude oil is at $86 a barrel, the DOW, S&P, and NASDAQ are making new highs almost everyday and unemployment is officially at 9.7%.
Everything is great! Happy days are here again… Right?
So is the DOW, S&P, and NASDAQ all going to keep going higher forever? Or are the teachings [...]
When I posted Monday’s chart of the day illustrating how the market was en route to snapping a very important support line, I had a bad feeling I’s be updating the chart real soon. And, the market didn’t disappoint me. The S&P 500 plunged under that support level with today’s 1.3% dip, and as such, [...]
Click here to read more!Posted: October 26th, 2009 at 4:24 pm EST
I think I mentioned this a few days ago, but if not, the market continues to work its way into a dangerous situation. In short, each day that passes pushed the S&P 500 (and all the indices for that matter) closer to a fairly significant breakdown. The chart below says it all.
Technically speaking, the shape [...]
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