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Friday, August 10, 2012

August market direction poll results

Do you think SPX is

headed higher this month
  16 (42%)
headed lower this month
  22 (57%)

Votes so far: 38

Looks like the bears have the majority even though SPX closed at new rally highs.  We may have a good contrary indicator today.  One of the traders they interview quite often on Bloomberg said he was taking of his bear suit today.  Interesting.  The action today makes me want to put a bear suit on. I guess we will see what happens.




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The information in this blog is provided for educational purposes only and is not to be construed as investment advice.