Tuesday, December 21, 2010

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

I hope some of you got to see the lunar eclipse last night. Not saying much today heading into the record PMOM day ($17b and $11b tomorrow). Portugal mat get a Moody's downgrade.

Economic Calendar -  GDP tomorrow. Please ALWAYS check the calendar. 

POMO Schedule - Largest on record $17b today followed up by $11b tomorrow) We'll most likely have POMO from now to infinity or till the systemic failure that is destined to come. 

Shanky's Dark Side - Where I call all the intraday action and throw out tons of charts.

Pivot Points -  For what they are worth in this busted market

Dollar and SPX appear to be disassociating somewhat as the last few days both have gone up.

SPX 60m - with gaps and fibs from the 1040 lows. Looks to want to roll over here setting divergences after a blow off rrun following record September and October climb.
Not gonna speculate on anything today with minis up 5 heading into record POMO land today and tomorrow. I hope all are enjoying the season. GL! and happy holidays.