Guru View

Stock Market Over View

The market outlook is mixed from the Smart Money purchase of future indexes, as we witnessed the dramatic reversal on Thursday after the market reached new highs for the month. Tursday's high is now key resistance:

SPX - 1570, RUT - 850, NDX - 2190, INDU - 14200

But as long as we hold above Thursday's low, the trend
remains UP. (SPX support - 1550; RUT support - 830).

On the other hand,

Smart Money is aggressive sellers of the $VIX index (the infamous "Fear Indix"). As I explained before, the Smart Money is betting the market will continue to go up and the volatility will go down.

It's fun to watch "Clone Trouble" from Yahoo:



Hope you like it,

Mkt Swimmer