Potentially we have another lead group showing stress as the Semi's have broken out of their uptrend channel from March lows.The bearish wedge broke as the Transports are under that spell for now below the lower support.
Interest rates rose with the selloff. The US $ rallied with the selloff. The DOW is laying on its lower trendline of its own bearish wedge..at the close.
Vix has showed some life now above 24.
Thursday is GDP data, with huge rally, and klunkers , stim....I dont know anyone that isn't expecting a POP, and to me it's meaningless......to what the reality is.....but the market will speak its opinion.
ISSUES AT CITIBANK?
When buying VALUE you hold to see the value realized, when buying a zutz, a speculative MOMO you hope to hear the music slowing down before it stops and sucks everyone in the black hole behind the closing door.....
D
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