Look out below or just a vanilla pullback?
RSI is trending down
Lighter volume
15dma crossed over the 50dma
Lower major trendline breached to the downside
MACD dropping
200 dma is at 1253, close to the March 2011 lows (Japan nuclear crises)
QE2 ends in a few weeks....June 30th
If the S&P500 drops below the 3/16/2011 low of 1249.05, there may be some serious selling and additional downside momentum.
I know that many people do not look into their 401k accounts as they are too busy with their families, work, etc... These are the people that are on the 'Hold and Hope' investing program. Those that are interested in preserving their capital in their 401k accounts may want to re-evaluate the funds that they are invested in, especially if this down draft catches on fire.
With 2012 an election year, this administration does not want to see another financial collaspe. The fed may do a stealth QE just to keep the markets afloat.......but for how long? November 2012 is a long way away...
RSI is trending down
Lighter volume
15dma crossed over the 50dma
Lower major trendline breached to the downside
MACD dropping
200 dma is at 1253, close to the March 2011 lows (Japan nuclear crises)
QE2 ends in a few weeks....June 30th
If the S&P500 drops below the 3/16/2011 low of 1249.05, there may be some serious selling and additional downside momentum.
I know that many people do not look into their 401k accounts as they are too busy with their families, work, etc... These are the people that are on the 'Hold and Hope' investing program. Those that are interested in preserving their capital in their 401k accounts may want to re-evaluate the funds that they are invested in, especially if this down draft catches on fire.
With 2012 an election year, this administration does not want to see another financial collaspe. The fed may do a stealth QE just to keep the markets afloat.......but for how long? November 2012 is a long way away...
No comments:
Post a Comment