SPDR S&P 500 (SPY)

[learningboutinv]

Foot, $SPX ~1380ish is what I thought they need to get it through in order for the current downtrend line to break. I don't know if they can do it with the low volume. But you never know the boys can start buying at anytime. I think if SPX gets close to 1380 I'm going to go long SDS for a short position with a tight stop @~1390, since SPX and DJX has been way weaker than MID and NDX.

$INDU is still hurting, can't get past 12300.

FYI - tomorrow MS (Morgan Stanley) and Fedex. Fedex is probably not gonna do well with the cost of gas/oil.

BTW - tomorrow's #s as well.

MBA Purchase Applications (wk6/13 , 2008)
EIA Petroleum Status Report (wk6/13 , 2008)