The can’t-catch-a-bid market has been unable to muster even a mild bounce.

If you missed yesterday afternoon’s technical discussion from Dick Arms, you are advised to go read that now . . .



UPDATE 11/13/12 8:18am: Futures have improved, with the Dow off 57, SPX down 7.6 and Nasdaq down 17

Category: Markets, Technical Analysis

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One Response to “Look Out Below, China/Greek edition”

  1. Ted Kavadas says:

    My analyses continues to indicate that the underlying economic situation remains highly problematical and is worsening. There are reasons for concern in many areas, which can be seen in various fundamental, technical, and proprietary analyses. For those interested, my latest post on the issue can be found here:

    Of note, in the past couple of years, the 200dma of the S&P500 has been an important support level. As of yesterday’s close of 1380.03, the S&P500 is right below the 200dma level of 1381.29.