Into the Bell…
Tuesday, January 26, 2010 at 3:59 pm
Yesterday’s poor breadth reading is catching up with stocks, as the S&P revisits the day’s low, additionally, leaders viz., Apple Inc. (AAPL: 224.45 +0.27%) and Goldman Sachs Group, Inc. (GS: 176.19 +1.53%) (among many other notables) are showing considerable weakness after this mornings surge.
This combined with us still being inside Friday’s big bar is possible consolidation before another leg down. The key is market action near 1085.
Finally, while I don’t have the official tally yet, today’s breadth reading looks bearish, but also very weak.
looks that way.
Nice analysis, as usual.
Would you consider selling your “I hunt white tail” hat?
thanks brahs.
re: the hat…never! It’s like a family heirloom I will pass to my kids.
I actually had a better version of the hat, originally purchased at a “hat store” in kentucky when I was 16. That’s some authentic shit. The hat stayed with me until I was 21, when it was stolen from temporarily indisposed head on my 21st bday. Not one to give up my passion for the hunt, I refound the hat online, though it is the black one you’re familiar with, not the original color camouflage, like the first.
That hat is worthy of going on a family coat of arms. Sucks about the first one though, especially considering its origin.
indeud. I like the coat of arms idea, that’s money.
What is this Kentucky hat of which you speak?
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Thanks Danny,
I think you’re right!
Great call danny, I love your charts.