Home > Uncategorized > 2012/08/03: Quick Post: Courtesy Brief Update: Market decision calibrated back into equities

2012/08/03: Quick Post: Courtesy Brief Update: Market decision calibrated back into equities

© 2012 ROHR International, Inc. All International rights reserved.

Short & Sweet again on the specific market comments in this post, because today’s TrendView Brief Update is a pointed discussion of the critical short-term macro-technical decision being S&P 500 future 1,375 area versus key 1,350-55 congestion; which was most interestingly held at the low of the break in the wake of the disappointment with the ECB yesterday. It is far more of an intermediate-term trend decision then many might’ve expected after that selloff from 1375. And as impressive as the sustained rally appears in the wake of the comments last week by ECB President Draghi, there are some questions after his failure to provide direct bond market support.

Quite a few of those questions will be answered by…

 

…what the market tells us it thinks of all these complex cross currents. And the macro-technical decision can be boiled down to whether the September S&P 500 future posts a weekly Close above that 1,375 level or sinks back below 1,355-50 first. Sometimes folks make the markets more complex than necessary. The same psychology that was important on the relatively quiet ranging up to a new rally high last week spills over into today’s US employment report response; that’s all there is!!

Thanks for your interest.

 

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