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S&P 500
5,634.61
(
1.15%
)
US TECH 100
19,198.40
(
1.08%
)
Dow Jones
41,175.08
(
1.14%
)
Brent Oil
78.34
(
2.27%
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5.45%
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koondog

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koondog

Re: None

Tuesday, 08/31/2010 12:30:34 PM

Tuesday, August 31, 2010 12:30:34 PM

Post# of 3637
FWIW: we bounced off of 1040 again, but unlike Friday we are not rallying very hard. This is a weak bounce and indicates the market wants to move lower sooner than later. We are currently trapped in a rising wedge and should break down soon. Be careful if you are long. Unless your long gold. I keep waiting for GLD to pullback, but sure looks like it wants to try and breakout. Seems toppy at these levels though....something is happening out there. Fear trade maybe? Vix just bounced off support
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