WEEKLY MARKET DIGEST: VICIOUS VOLATILITY IN STOCKS, BONDS, AND GOLD ON FED FEARING ITS SHADOW $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) MAJOR SUPPORT AT S&P 1900, LOOKING FOR A FLUSH October 10, 2014 Yesterday we shared with you that historically short covering rallies, like the one on Wednesday, do not last. One more time the historical pattern has held true, yesterday the market gave back all the previous day’s gains plus more. S&P 500 is approaching major support at 1900. This morning futures traded as low as 1910 before bouncing. We are looking for a flush.