While it is still very early in the week, note that the S&P 500 actually HAS already dropped below the trendline established in August 2010. Possibly, there could be some very nice plays on the defensive side coming up this week.
Monday, May 23, 2011
2011/05/23 kimblechartingsolutions.com: still waiting for the DOMINO kick-off
Global Markets are at a decision point, a dangerous situation, but also one that can be taken advantage of. The DOMINO game is still on! Keep an eye on Chris Kimble's new post "World on a high wire ...", in which he shows a great chart comparing snap-shots for the markets France, Germany, London, EAFE, Shanghai, and the S&P500. Chris concludes "... if one breaks support, several could !!!", so watch out for a move in either direction.
While it is still very early in the week, note that the S&P 500 actually HAS already dropped below the trendline established in August 2010. Possibly, there could be some very nice plays on the defensive side coming up this week.
While it is still very early in the week, note that the S&P 500 actually HAS already dropped below the trendline established in August 2010. Possibly, there could be some very nice plays on the defensive side coming up this week.
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