Thursday, July 12, 2012

Thursday Evening

Kauai, Hawaii

Thursday Afternoon

S&P futures bulls are trying to contain the selling so far, but have been struggling to get something going. 1326 is proving to be tough resistance.

The 50day on SPX is 1334ish today... which is equivalent to about 1329 in the futures. If they make a push for that level this afternoon, that would be the 3rd time they've been successful at holding the 50day... although it's still declining.

Thursday Morning

It's a new thread but it's bare.  Sorry about that.