
SOFT TREASURY AUCTIONS ARE HITTING THE STOCK MARKET, MT. GOX RELATED DROP IN BITCOIN
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Poor Treasury Auctions Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market has pulled back to the upper band of the support zone. RSI on the chart foreshadowed that such a pullback might be coming when it hit the rare instance of reaching 100. The stock market is coming under pressure because two Treasury auctions were soft. Here are the details