Wednesday, November 24, 2010

Morning Post, SPX, S&P 500, e-mini

My 80 year old wheel chair bound great aunt flew in from Houston for the holiday. She was groped by the TSA.

Financials getting crushed. Most likely the beginning of the end has arrived for them. Not sure what is up with the RUT, but based on past performance it may be about to seriously tank. TZA anyone? Of course there are no guarantees this can or will happen.


Minis - backtesting and riding support diagonal off the highs (where cash is being limited by this diagonal).
SPX Daily - 

No POMO today or Friday. Everything appears to be spiraling out of control. No telling what this final pre-holiday Wednesday will have in store for the markets. Minis up, but don't deserve to be. SPX had a pretty triangle that should have lead to a down open, so maybe an overthrow then fall? Maybe they just ramp it cause they can? I'm thinking in spite of the bullish minis this AM we still have some sort of down to flat day.

Everyone have a great holiday. Enjoy family and friends. Be careful traveling. We all have many gifts and we have lots of things to be thankful for. Let's take this weekend to identify those and rebuild our selves to be better going forward.

Have a good one and GL!