Monday, June 20, 2011

Market Update

DJ-30
  • Mid-line Is Holding Support
  • Close Below 11,900 Would Suggest 11,000 Would Be Next Target
SP-500
  • Close Below 1260 Would Show Bears Are In Control
  • Next Target 1150 If Mid-line Breaks
  • Much Is Up To The Fed And Greece This Week

Side Note: Will Be Gone Tell Mid July, Unless Greece Defaults and No QE 3, Market Will Move Side Ways To Down.  If Greece Defaults = Market Will Move Fast To The Down Side.  QE 3 = RISK BACK ON, and A Run To The Highs. 

AAPL Breaking Down?

AAPL
  • 295 Will Act As Support
  • Break Above 320 Would Show Signs of Life
  • AAPL Has Lead The Market