Wednesday, July 14, 2010

A Few Warning Signals of a Pull Back

Despite late day bounce of stocks, here are a few warning signals for an immediate pull back of risk assets:
  • VIX has built some footing on 200 DMA and reversed its downward course
  • 30 and 10 year bond rallied today, and their yield dropped
  • Crude Oil finished down today
  • Shanghai index is consolidating
  • European indexes dropped today

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