Saturday, June 2, 2012
Friday, June 1, 2012
Stocks Close Below 200-Day MA
Stocks Seek Support at Jan 30th Lows
It looks like we are poised to break through the lows of January 30th shown by the olive-colored line in the chart below. Next support level would be from December of last year. Stocks are not looking good!
Wednesday, May 30, 2012
Real Estate Pending Home Sales Collapse 5.5%
A 5 am head fake "rumor ramp" in Europe, was followed by this:
Pending home sales fell 5.5 percent in April, reversing a 3.8 percent
gain logged in March, new data out of the National Association of
Realtors shows.
The NAR also revised last month's gain 30 basis points lower, from an earlier estimate of a 4.1 percent increase.
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