10 Dec 2014 - Patience Was The Key

It pays to be patient, and the bears got rewarded today for staying with what the indicator said.  We are still currently bearish, and have broken past yesterdays low which is another bearish signal.  A rebound or a CIT could occur but we would need the ST to tell us that and prices now have a chance to test the 1999-2000 level in the SPX.  This is where the 75 Day MA is sitting and to me it is a very important line that no one really talks about.  There are a lot of stocks out right now with bearish indications, and this is a possibility that the bearish or down trend is not over.

MT: UP
ST: DOWN
PA: DOWN