I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Wednesday, December 14, 2011

Dec 14

Today did not look good at all for any kind of bullish case. Today needed to be a dramatic reversal day, and instead it was just a big red candle. Divergence from yesterday is gone and everything looks like it is rolling over on my 60-min chart. Unless tomorrow brings some kind of bullish miracle, the tone for the end of the year is looking not-so-Santa-Rally-ish.
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