Wednesday, June 17, 2009

Wednesday A.M. and Taylor Swift!

  • Market meandering after two strong down days. IBD still has the market uptrend under pressure.   Sometimes I wonder if by the time IBD makes a switch from uptrend to downtrend, if you've missed the bulk of the move.  So what good is it!?
  • Other technicals for SPY and QQQQ... RSI(2) is in how-low-can-you-go limbo mode.  Very low.  MACD crossed to the darkside a few days ago.  For all the weeping and gnashing of teeth, the SPY is just below the 21dma.  And the QQQQ is right about there, plus or minus a bit.
  • New $AAPL iPhone operating system out today.  That'd be "3.0," baby.  I'm always a bit leary being the first kid on the block to upgrade.  I prefer someone else to do the beta testing, no?  LOL
  • Fantasy basebally waiver-wire pick-ups today?  The Twins Francisco Liriano pitching at home against the Pirates, and Yankees (and new father) Chien-Ming Wang pitching at home against the Nationals.  Why not?
  • Gasoline prices up 50 days in a row!  Wow!  Fantastic! 
  • Of course, the CPI rose less than expected in May.  Consumer prices rose less than expected in May and posted the steepest annual drop in 59 years, according to government data released Wednesday, fresh evidence that the recession is keeping inflation in check.  Well, if you're spending more at the pump, you're spending less elsewhere. 
  • 8-year old boy saves sister and drunk adults from fire.  Police in Poland say an 8-year-old boy saved his sister and three drunk adults from a fire by calling police and fighting the flames before help arrived. The fire started outside the door of the boy's apartment in the western town of Miedzyrzecz late Monday.

Picture is of Taylor Swift, who won the CMT Video of the Year and Female Video of the Year at Tuesday's CMT Music Awards.

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