One final note on lululemon (for now), it looks like the blog, “Yoga Girl Problems” nailed this see-through issue in February 2012! The photo above is from a blog post dated February 16, 2012. Well done. The title of the blog post was, “Are my yoga pants see through!?” (Click here to see).
Moving on, the broad market is acting more deceptively, with an initial pop exciting many bulls before we pulled in. The indices are flattish as I write this, but some short-term indecision is not all that surprising here, and not unwelcome by me, either. I am still watching 1547/8 on the S&P 500 as the first real downside battleground.
Finally, Google popped and faded right at the 20-day moving average. Keep an eye on this market leader to see if it can recapture the early gains, or whether bulls have just trapped themselves and we head on lower.
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