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2.2.2015 Super Bowl Fun Bookmark

The Superbowl was everything I wanted to see in a game. Ups and downs, incredible catches, a close game. I hope you all enjoyed it too. But today is Monday and the market doesn't feel as good as the Patriots do right now. We've been flirting with some technical levels that could very well spell a major change in market direction.
The Superbowl was everything I wanted to see in a game. Ups and downs, incredible catches, a close game. I hope you all enjoyed it too. But today is Monday and the market doesn't feel as good as the Patriots do right now. We've been flirting with some technical levels that could very well spell a major change in market direction.

In an interesting "twist", the December lows on the S&P just happen to be at the same level as the 200 day moving average. Now, there's no question that the two big averages, being the 50 and the200 do not carry the same weight they did years back...they're still important. When one of them lines up with a trend line bottom, such as we have in the situation with the S&P, it makes it really quite interesting. Keep a very close eye on the 1973 level on the S&P folks. If we lose that on a closing basis... things could certainly get ugly.

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