Broken

that is the best one word description of the markets. The bulls cannot stay in control for more than a day or two and each new failure leaves buyers with less conviction. Staying below 2960 will be very harmful to remaining longs. Things could get very ugly over the next few weeks.


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.


Comments are closed.

In partnership with CNN Money Part of the CNN Network