Markets - Portfolio - Technicals - the complete 'astute' approach to investing.
Thursday, August 4, 2011
We're down 10% at this point from the highs and the S&P just touched what was previous resistance for the S&P back in April and November 2010 prior to the move higher that ensued early this year. I imagine if there is a level for the market to relax and look to recover, this may be it.
I will also point out that volume is screaming higher here...usually a sign of market extremes...
Professionally, I consider myself an accomplished finance executive with extensive finance and technology experience in diverse industries including investment banking, semiconductors, media, entertainment, and aerospace. I've also been passionate about both the big picture, i.e., the economy, debt and equity markets, and how the policies of this country and the world impact all of us, as well as the small picture, i.e., which are the industries that will be impacted (either negatively or positively) from these macroeconomic shifts.