In the first true test of the past 4 week rally, tonight is the beginning of the US earning season which will flow into the Australian financials reporting season.
I have noticed a shift in sentiment just in the past 24hrs as reality sets in and the cracks start to appear in the last months huge upward movement
Banks Toxic Debt to hear 4 Trillion...
http://www.cnbc.com/id/30083760
http://www.reuters.com/article/BANKSL/idUSSP41236720090407
IMO and as I have said before on the DJIA threads, we moved upward before mainstreet was ready. If the IMF prediction of 4 Trillion of toxic debt still sitting on banks balance sheets comes true I would not want to be sitting in any long position that aren't defensive.
Are we on the precipice of the new retest of 6500?
will tonight signal revival of the bear market
Add DJIA (INDEXDJX) to my watchlist
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