sfsamperi.blogspot.com

You have to survive

You have to survive
Every day is a battle, survival is rule #1

Thursday, May 12, 2016

US equity market Status

The S and P 500 is in the slightest downward channel.  There is clear minor resistance and support.  We appear to be leaving resistance again to fall down to support, again.  If support does not hold this time, then it will probably become the big sell off i have been waiting for.  Slowly more and more industries seem to be turning down or staying down.  Amazon is the only big name stock i have heard was gaining lately.  Considering several other big internet stocks have gone down, Amazon must be doing well on their own accord.  Someone give Bezos a platinum cookie.

No comments:

Post a Comment