Today’s Swing-Trading Watch-List:
Long Tempur-Pedic (TPX)

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Add this one to the list of IPOs of 2014 that accomplished nothing more than lining the pockets of the founders/bankers and burning up the cash of a naive public. What a piece o’ crap!

SPX broke back over the daily middle band yesterday, and bears need a swift reversal or the next obvious target will be a test of the daily upper band, now at 1896.5. SPX daily chart:
It’s clear that AT&T has a lot to do with today’s action in the Dow 15 Utilities, but it’s interesting to me how plainly the bullish breakout has failed over the past couple of weeks on this important index:
