Reversal? ?? I honestly had hopes for 18,0000 today... Now its either a drop straight into the close or a reversal and back S$P 2065++ Lot of resistance especially after a 700+ run in 5 days on the Dow.
http://www.cnbc.com/id/102405110 Maybe the markets reversed on the downgrade on Greece from B to B- How any country is getting a rating above a C is beyond me since so many countries are in sky high debt. S&p usually waits too long to downgrade any way. They are forever behind the curve ..
Dow futures were off 61....10 mins later they were down only 41....they are buying them up...should be all green in the next hour or two...oil is up over a dollar which is just super positive for stocks.
Futures off...MCD sales out this morning miss which should weight a bit on the Dow. Sold out of TVIX at $3.18 ... Thinking S$P is going to break above 2064 and probably close above that area which has been resistance ...next level 2079 or so
Sold at $11.87 Probably will break out above 12 but still sold. Had on way too much in that trade...but made a profit and will buy back below 11.50 next time around. Now in more XIV at $26.50
bear coming couple days, hide your finest meats and cheeses or consume them (dow went to upper bolinger friday, time to watch out, maybe another touch and see reaction)