Static Cling

By -

My wish is simple: for the market to BREAK. You know………BREAK. Like a breakdown. A sustained downturn. Something lasting for more than a few moments. Something that can survive Gartman turning bearish. That kind of break. As it is now, we’ve broken the Dow Jones Composite, but the goddamned thing is just………….sitting there:

0929-comp

Looking more closely, you can see each candle clinging desperately to that trendline. It isn’t being ALLOWED to drop. It’s maddening.

0929-candles

On a brighter note, the idea to short SYNA (the last post from yesterday) is doing well. It’s down nearly 7% at the moment.