Jan 26 2010
Tap Tap
Two pings off of the 200 MA (red line). One of these days, it’s going to blast through. If you’re long commodities, precious metals, international stocks, it’s going to suck to be you.
UPDATE on 1/28/2010: As long as it stays above the 200 MA, you’ve got to assume it’s going higher, much higher.
End of day quote on the USD index is 78.93, but right now it’s actually up at 79.09. Meanwhile the ES futures contract is getting pounded. One of these mornings, I have a bad feeling I am going to wake up to a 30 point gap down on the S&P 500, and then I’m going to kick myself for not being short.