From a long-term perspective, some very important support lines have been taken out and a laundry list  of tools (high yield breakdowns/ currency spreads and more) have been suggesting Capital Protection was a good idea WEEKS AGO!

If you are short-term investor or looking to buy/sell at extremes….A “Freaky idea this Friday” morning is at hand below!


NDX 100 and the Mid-Caps are testing their 2007 highs right now, while the 500 Index is testing shorter-term support as well, all at (1).

The decline of late and I suspect the news out of Greece has created a good deal of concern/fear in the investment community, which is reflected in the very high VIX reading at (2).

Game Plan…SHORT-TERM/ACTIVE investors can  pick an index (NDX/ MDY/ 500) and go long with a stop a couple of percent below these key support lines! 

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past