sp'60min
sp'daily5
Summary
Mr Market seems to be behaving itself..and the retracement is looking good.
No doubt we'll see a little bounce today, but the general weakness should continue into early tomorrow.
*with no sig' QE-pomo until next Tuesday..bears have the window of opportunity!
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The bigger question is how high might we go in March.? I did post on that last night, even the low 1900s still seem viable.
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10.02am... Interesting continued strength in the metals. Gold +$6, and miners are gaining..GDX +2.2%,
So..a bounce from the open..1809 to 1814... I can't imagine that was it for sub'2, no way. There is no reason we won't see renewed weakness.
10.17am... bears on the run.....ultimate short-stops will be 1825/30... an impressive bounce from the open. VIX set to turn red...
Notable strength in the momo stocks.. TWTR and TSLA both +2.5%