The market closed today right on downtrend resistance at 1940 SPX. A top side break
through resistance would signal that the market might be reversing course while failure
would signal that the counter trend rally may have run its course. The market remains
volatile and unstable and is now trading on hopes for more QE. Daily SPX
- Peter Richardson
- Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!