The S&P 500 flirted with the 920 (close to the 925 bullish close we spoke about yesterday) and then faded closing down small on the day. Another backing and filling nightmare.
News overnight and this morning...GM and Chrysler reopen merger talks after Chrysler idles factories for at least a month. FDX just met lowered earning and is cutting CEO salary as well as a hiring freeze; stock jumped $2 on that. We still have FDX ranked a very poor 15 technical in our Fusion IQ rankings...any trade into the name would require a tight stop.
New chart focus on IQ today, and trading idea VRX
posted by Peter Greene
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