Not Good: SP500 Levels, Refreshed

POSITION: Short Consumer Staples (XLP)

 

On every duration that matters in my risk management model, this stock market does not look good: 

  1. TAIL (1266), broken
  2. TREND (1247), broken
  3. TRADE (1181), broken 

And it may be becoming “consensus”…

 

But consensus can remain right, longer than some can remain solvent.

 

I do not think this is 2008. I think some refuse to learn the Globally Interconnected lessons of 2008.

 

This is 2011, and my most immediate-term TRADE line of support is now 1117.

KM

 

Keith R. McCullough
Chief Executive Officer

 

Not Good: SP500 Levels, Refreshed - SPX