I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Tuesday, July 13, 2010


Current thoughts. Breakout today is not in the context of an Ending Diagonal overthrow (IMO). I think there are a few more days of pain. It is negotiating the 50 day MA right now and will be retesting 1100 (psychological) and 1105 technical next if it makes another run up. We also have the 200 day MA (1110) right above that.

I am currently sitting tight.

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