Monday, June 24, 2013

Claw Back

The S&P 500 closed today at 1573 its low for the day was 1560. The support level is 1572 so we closed at a significant support level. If we close below 1572 then the next support is 1541. The market was gaining ground at the end of the day so we could see some upward bounce to the 1580-90 level tomorrow. At one point today we were down almost 8% from the high. 1518 will be a 10% correction. Before all is said and done we could very well hit that level.

Dan Perkins

Thursday, June 20, 2013

S&P 500 breaks near term support

The S&P 500  was off 40+ points today and is off 100 points from its high that brings it down just under 6% Again like yesterday the market closed near its low for the day. Given we have broken the 1597 level of the S&P 500 we could see some additional selling on the opening tomorrow. Next support level for S&P 500 is 1575.

SDS and TBT working great.

Dan

Wednesday, June 19, 2013

Bad day for Stocks and Bonds



The Fed told us what we have been talking about for weeks and we were surprised?



 

Dan's Book at www.danperkinsatsanibel.com

Wednesday, June 5, 2013

Is this the correction I was looking For?




This is the first time since the rally began we have seen a correction of 4%. Give the downward momentum at the close we could break through the 5% down level tomorrow.

Dan

 


Dan's book can be found at www.danperkinsatsanibel.com

Tuesday, June 4, 2013

This is the Blog you didn't see from a few weeks ago


This blog was reordered three weeks ago I though it was important for you to hear the points on a new law passed in Europe concerning bank deposits.






Dan's book web site is \: danperkinsatsanibel.com