Maintaining the same outlook for the market - we are in final path of this bear-market rally, and I am already short, awaiting confirmation top is in place. Concern would be if we broke 860.00 on two continues days.....but 850/55 should cap the S&P for now.
Earnings system has been bad for the market...and all my trading indicators is screaming SELL, SELL, SELL, and with Goldman done manipulating both their numbers and the market in order to get the right issue in place, it may be time to look down again.
This is from my CNBC guest hosting from Tuesday morning .....:
Wednesday: Pending Home Sales - Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the *mortgage purchase applications index*. • Early: *Reis ...
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