Failed Breakout

Well we got our new highs today, but they didn’t stick. The market sold hard at the end of the session and closed on its low. Rumor has it there is news forthcoming with regards to the FBI’s massive, multi-year insider trading probe. Also, municipal bonds took another drubbing, and this is a source of great concern to pensioners.

click to enlarge



This entry was posted in watchlist and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s