I suppose at least IWM
fell a bit, I want to see 80.50 by Friday – probably expecting too
much.
Transport,
monthly...finally showing weakness.
With 6 trading days
left of February, need to see a monthly close back under the 10MA,
sub'5000 level preferred. Would be a real sign for the market.
SPY/VIX
I'm really not familiar
with this kinda ratio, but clearly...from a chart perspective, its a
clear H/S formation.
Bears desperately need
to strong momentum lower occur in March/April, and break the 2.5
level, which goes back as far as summer 2009.
Greek news..getting
tired of it.
Tom Demark – see
http://www.bloomberg.com/video/86842200/
He foresees mostly flat
trading, with seemingly sector-rotation, rather than major moves.
*Faber said same kinda
thing today, does not see any equity collapse doom near term.
Airlines...oil problems
see any airline today,
a major snap..probably more to come. Transports remain weak weak
WEAK!
UAL remains arguably
the best one to trade, but today... LCC was the most dynamic
decliner.
