There are lots of people out there saying the market is about to crash, the sentiment still remains the same.
At the moment whenever the S&P has sold off seems that the smart money is just holding their nose and buying more.
Yesterday there was a little confusion, however that seems to have sorted itself out today, as things went along in an orderly fashion.
if you have a look at the S&P chart, and the RUSSELL, they seem to be holding quite well, for now anyway.
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| spx chart |
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| russell 2000 chart |
We do have a busy day on the market tomorrow, and there will be lots of movement. Tomorrow we have Chain Store Sales, Charles Evens Speaks, Jobless Claims, Productivity & Cost, Nat Gas, Consumer Credit, Fed Balance Sheet and Money Supply.
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