Spu’s…1562 +- a couple is the closing qtrly Pivot.
Nasd 100…2810 +- a few.
GDX…looks like it wants to test the long term stops under 27.15.
BAC…needs to close over 12.30 for upside momentum. Once again investors were looking early
to park some money in the Financials. After all, this group makes money the old fashioned way, Heads they win…Tails they win,everybody else loses.
Investors have thrown up across a wide array of assets and classes.
Less is more. Pay attention to the capital flows going into London’s close today.
Look for any signs of a directional change after London closes and NYC comes back from
a 2 martini lunch.
We’re looking for signs after London closes to see if there is interest in bottom fishing in the high yielding names.
