Stuck in the middle of the S&P and the NASDAQ futures.
Notice that in just the last 6 trading days ICE lost all of the gain from the last 49 trading days (note: the sell-off in this stock started BEFORE the negative news yesterday!). For trend traders following the 21 TANKS as a good trend line support money was made for several months.
Browsing in the sports section of the local Barnes & Noble last night I came across a small paperback book with the subtitle The Modern Fundamentals of Golf. Nothing out of the ordinary just the fact that the book was written by Ben Hogan in 1957! Still in print after 50 years and over 10 [...]
“Never make predictions, especially about the future.” Casey Stengel The stock market is dangerously close to falling off a cliff…or finding support for the next cliff to be conquered. The November low has been labeled “the low” by so many on the Street that its breach could signal a huge move down-expectations dashed can [...]
