SPX fails at its 50dma. SOX fails at 231, below the January high (236).
private label credit cards, tend to be held by riskier borrowers with fewer credit options. Losses on the cards are rising at a faster pace than the broader credit card market — reaching a three-year high of 10.51 percent in January, according to Fitch Ratings, up 44 percent from a year ago. That compares with general credit card losses of 7.5 percent, up 40 percent from the year before. nytimes.com
disclosure:
Set orders to sell ASML at 18.5, where the stock has stalled in early January, and early November. More sales every $2 on up. Also set orders to sell PFE at 19, and GE at 15.
Bought FAN at 11.5 and 11.1, set orders to buy more every 0.50 on down. FAN (wind energy ETF) seems to move with the price of oil, which I'm guessing has bottomed. At $40/b oil, virtually all infrastructure in new oil or any energy source, is shut down. This is an unsustainable situation, which will be corrected. |
