Why GDP Is In Trouble

Looking Ahead

Chart From Dshort.com

• Can GDP Hold when the consumer is still hurting?
• Q3 and Q4 GDP will be much lower then the market is looking for according To CMI
• My Thoughts, the fed will off set this tell Q1 or Q2 of 2011 

SP-500 (Weekly) Mid Day Update

Bulls Are Back!

• Bulls Looking Strong
• Break Above 1150 would be very bullish
• Big bear fork has been broken, small bear fork still in play

SP-500 (Weekly) Update

Bear Hat (For The Moment)

• Large Bear Fork In Play
• Close Below 1080 Would Start To Be Bearish
• Close Above 1105 Would BE VERY BULLISH
• Watch European Bond Spreads, They Are At The Highs of May

SP-500 (Weekly) With LARGE Bear Fork In Play, Will It Hold?

• If Down Fork Breaks, Next Stop Would be Near 1150
• Jobs News Was Not As Bad As Expected But Is Still Getting Worse (See Chart Below)

*Chart is from Calculated Risk

SP-500 (Weekly) Mid Day Update

Bear Fork Being Tested, Will It Hold?

• Close Above 1076 Would Start To Be Very Bullish In The Short Term
• Next Stop Would Be 1100, That Breaks (Very Bullish)
• ISM Numbers Came In Very Strong
• Will The Rally Hold? 
• Will All Come Down To Friday