Late Day Sell Off Sentiment Continues

May 14th, 2010

Sorry we were MIA yesterday. We had a couple meetings with some people regarding the new website that is being developed. It’s going to have many more features, extras, and do-dads that you all will truly enjoy. More on this later on.

Yesterday was a quiet day – to start at least. And then near the end of the day the markets really took a 1% nose dive into the close. Seems that sentiment will continue today per the early morning futures. Resource-related stocks will be in focus as U.S. crude oil tumbled to a three-month low below $74 a barrel and all the traders are left wondering how deep spending cuts will be to get the deficits in Spain, Portugal and Greece — as well as big economies like the U.K. — back on track financially. Anyhow, here is your chart today…

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