Live Update

Tuesday, July 13, 2010

07/13/2010 After Bell Quick Summary

A little little little little bit bearish toward tomorrow, not much edge, at least most likely SPX will not rise another 1% like today.

When NYADV closed above 2600, 16 out of 27 times (59%) a red day the next day. Not much edge but still a little bit bearish.

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When TICK closed above 1000, most likely the next day won’t up huge if not red, again, slightly bearish.

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In case you’re interested, as I’m sure lots of people like to ask, what happened when both VIX and SPY closed in green? Well, 50 to 50 chances a red day the next day.

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