Thursday, August 4, 2011

EEM Update

EEM
  • Hit 100 DMA
  • Should See A Small Bounce At $42.60
  • Break Above $46.70 Would Be A Sign of Life
  • EEM Will Lead All Other Markets

Update DJ-30

DJ-30
  • Mid-line Broke
  • Could See A Bounce At 11,315 
  • All About Europe! 
  • Could See A Big Bounce Come QE3
    • Will Give A Short Rally
    • In The End, We Have To Pay Up
  • Could See A Bounce Tomorrow If Jobs Report Is Not REAL REAL BAD
    • If the Number Is Red = WATCH OUT
    • More Likely Will Be Red Next Month
  • HAVE STOPS IN PLACE!!!!