Tuesday, July 31, 2012

SP-500 (Will The Bear Fork Hold?) Bull Fork says NO!

SP-500 Bullish
  • Bulls
    • Break above 1400 would be Very Bullish
    • Very strong chance we will break up
      • QE3 is on the way, will pump markets higher
        • 1470 would be the next target
  • Bears 
    • Break below 1350 would start to be Bearish 
    • Break below 1300 be VERY Bearish
  • Will the Fed save the day with another QE
    • We will see what happens....Bulls look to be in control 


Tuesday, July 24, 2012

Storm Is Coming? Rain Coat Please!

Repeat From 2011?
  • Feels Much Like 2011
    • Europe is starting to fall apart once again
    • Major slow down in the United States 
  • Can I Get A QE Please?
    • A QE3 would hold the storm off
EURO
  • Euro Looking Bearish
    • Stuck in a strong bear fork
      • Needs to break above 1.26 to be Bullish
      • Break below 1.19 would be VERY Bearish
      • 1.19 last strong support