Cusick’s Corner 05-01-2012
The close did breach support, 1405 on the S&Ps, and Small Caps (IWM) (the canary in the coalmine), were testing lows into the close. This probably does not give short-term longs relief into the overnight trade. So after today’s close, the longs are staying on their toes, but one positive note is Transports, IYT, are on the move to the upside. As I mentioned in a previous Corner, Transports are a good barometer for the health of domestic economic growth but they … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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