Thursday, February 24, 2011

SPX Update

The SPX pierced the trend line going back to August.  Considering how much the SPX has moved down in just three days a close below the trend line would have been rather difficult due to short term oversold conditions.  It was a warning shot though that a trend may in fact be changing.  Irish elections are on Friday and that may very well be a warning shot of its own to senior bondholders.



  1. Great stuff all week, thanks! Added to blogroll as well.

  2. Thanks. Glad you enjoyed. I'm launching a new site in about a week to expand on the blog. When it launches, I'll post a redirect from this site.