Warren Fluff-it: Fool's Gold?

We may only be a few points in the red, but the semi-bear case is starting to look a little bit more promising as more economic data came in weaker than expected in the form of ISM Manufacturing PMI in the US and China Manufacturing PMI.  Will the SPY $157 put sellers eventually be bestowed with the honorific title of The Ones Who Got Left Holding the Bag or will I be the one left without a seat in this game of Financial Musical Chairs?

Interestingly, the SPY broke and closed below its 10-day 15-minute support channel today, ending on a sour note just below its 25 SMA as well.  If S&P fails to hold 1558.47 tomorrow, this may be the semi-bears' signal to go for another coup attempt.  

Factory Orders, Total Vehicle Sales, ISM Non-Manufacturing PMI, Unemployment Claims, Non-Farm Pay Day, US Trade Balance, and US Unemployment Rate are all up this week - with a stint from Bernanke somewhere in between.

This will be an exciting week and tomorrow might be the day my portfolio finally turns around...


-0.65% SBA
-0.38% Roth IRA

-0.04% DJIA
-0.87% Nasdaq
-0.45% S&P

FTSE closed
Eurofirst closed

-2.12% Nikkei
-0.10% Shanghai
+0.15% SENSEX

-0.34% WTI
+0.88% Brent
+0.24% Gold
-0.91% Copper
-7.05% Corn

+6.93% VIX
-1.49% DJT



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