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fehro wrote:looking to SPX 50d/20d tag today.. so close.. just 6 points lower to 50d 2454 20d 2451
Timeline? Today?fehro wrote:fehro wrote:looking to SPX 50d/20d tag today.. so close.. just 6 points lower to 50d 2454 20d 2451
20d/50d go.. look to 2443 if that goes.. look to 2432ish
It is China, again. Government is denying import permit s to the tea pots. Forcing consolidation, as they would rather have a few modern refineries operating at close to full capacity than a lot of small simple refineries operating at 50%. So that is the rumor hitting the trading desks today, a long term decline in Chinese demand.Daniel wrote:After 5day perf strength, Energy is now down sharply today. Conversely with the Financials, esp. the Regional Banks.