Archive for August 2011

First Stop Down

As we mentioned on July 29th, the 11,360 Dow Jones level is the minor support level and that is where we went yesterday.  At the moment basis the S&P look for a bounce to the 1230 level before the expected…Continue Reading →

Little to Say Now

The stock market is testing the important 1260 support level on the S&P.  It appears that this support level will give way soon and the next support level is 1130, the area where the market had trouble before the Fed’s started…Continue Reading →

Back to The Economy

With the debt limit debate winding down we go to more important things, the economy and employment, neither of which look healthy at the moment.  The S&P 500 will run into a headwind in the 1320 area and there is…Continue Reading →