Thursday, January 28, 2010

Today's Market


A.) Prices have moved through key technical support levels on high volume. Also note that volume has been higher on all tghe sell-off days.


A.) Prices have moved through key technical levels on high volume.


A.) Prices are right at key technical levels.

So far, the SPYs have dropped about 5.6%, the QQQQs have dropped about 6.1% and the IWMs have dropped about 5.2%. In other words, we're hardly in scary territory from a total loss perspective. However, this is all before tomorrow's GDP report (which I'll be covering in-depth when it comes out.)