Monday, June 24, 2013

Monday evening


EEOC
(Equipment Exceeds Operator Capabilities)

Monday afternoon

DJ-20 Daily Chart (11:20)
(Click chart for a better view)

The transports are one of my favorite keys and lately they have been leading the SPY in direction and magnitude of movement.  I don't see any support here and expect a test of 5900.  The white line is the 4/5 low of the day (5878.)  Lots of chatter from the idiot box about corporate profits and falling deficit ... watch the transports. They'll tell you if the economy is doing well or just .... meh.

Monday morning