Wow. Maybe 1,050 on the S&P won't happen any time soon after all. Tuesday's attempt at a breakout has clearly failed, and we've even broken the only decent upward trendline in sight.
As I often say late on Fridays, I'll do a real post this weekend. Even I am kind of blown away at the lack of strength in the market. I guess a collapsing jobs environment will do that, though. It's really something to behold.
Oh, and as for Coach (COH)? I was surprised to see so many people running around closing their shorts. I personally am hanging on to me until COH is nearly $10 or so.
Good night.
