Day Trading – The Bullz And Bearz
Profitable Trading In Any Market – Stocks Options FOREX
Huge Market Selling Off Underway
May 25th, 2010
Stocks are setting up for a horrible day. Futures are down big time across the board – already more than 3% on the /ES. We are setting up for a huge sell-off and gap lower at the open. We are already past the level I posted last night as major intra-day support. The /ES is already trading near 1,040 – and must hold that level today. A close below this and we could honestly see some major selling similar to the crash in 2008.
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| NASDAQ | 2905.66 | ||||
| S&P 500 | 1344.90 | ||||
| ^TNX | 1.95 | ||||
| ^XAU | 200.34 | ||||
| ^XOI | 1295.01 | ||||
| BGZ | 23.50 | ||||
| EDZ | 12.38 | ||||
| XLF | 14.73 | ||||
| TLT | 116.57 | ||||
| UDN | 27.33 | ||||
| EEV | 25.27 | ||||
| IWM | 82.95 | ||||
| IWB | 74.77 | ||||
| BGU | 75.50 | ||||
| GDX | 56.44 |
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