Cusick’s Corner 09-26-2012 Midday
The sellers took control early and have stayed in control with only a little bounce into the Midday. Volatility popped early, VIX +~5%, hitting resistance at the $16.50 level which has put the onus on the bid to come in and support this market into the After Hours. What is not helping the bulls cause is the action in the Bonds, especially at the long end of the curve, 30 YR +1, which looked like there was finally some decoupling from the equities. Money flow … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards