Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Monday, February 10, 2014

Market Ekes Out Small Gain Ahead of Yellen

Stock Market Technical Analysis Blog

 click on image to enlarge

In the market today we had an all day tug-of-war at the S&P's 50 EMA line until finally late in the day it crossed above it.  The VIX, VXX, and TLT traders refused to acknowledge it as they are looking for Yellen to push the happy talk tomorrow but still say she is going to take away another 10B in stimulus disappointing the stock bulls.  We will see...

Trade well my friends