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Consumer Confidence Plunges Again

April 25, 2008 10:11 AM

Consumer confidence just came out, plunged again which is not surprising. It looks a little early to chase it down here around 1388….We need to get undet that and hold to maybe put some pressure on here… Even then it may bounce near 1384 or so…so this looks like a mixed bag…for now…

Written by Tom@StockBlade.com · Filed Under SP Futures 

Comments

9 Responses to “Consumer Confidence Plunges Again”

  1. Tom@StockBlade.com on April 25th, 2008 10:21 am

    Just as I thought, it bounced off the low….I do not believe we have seen the low, most likely….but the chart is very mixed here…careful long near 1393 here…but this is going to take some time to play out…

  2. Tom@StockBlade.com on April 25th, 2008 10:30 am

    Ok, backed off 1392.75 as I said was likely….it is still very mixed here…but i am VERY skeptical of this low…longer term… This is dicey here…it could break either way….need some time to be sure in here…

  3. Tom@StockBlade.com on April 25th, 2008 10:39 am

    The market is sitting here at 1391…ok there we go…1390…I knew that low was nonsense….

  4. Tom@StockBlade.com on April 25th, 2008 10:45 am

    Still do not believe in this low….the problem is the charts are mixed…as I have said…some charts say higher, some lower…and there is a battle going on…

  5. Tom@StockBlade.com on April 25th, 2008 10:59 am

    Ut Oh….Report that we have fired on an Iranian ship…. Oil just shot up $3….need to find out more…

  6. Tom@StockBlade.com on April 25th, 2008 11:14 am

    1384.50 and counting…Be careful short in this area….it still looks early to chase down in this range…no reaction at all to the report that a contracted military ship fired on an iranian ship….except for oil…

  7. Tom@StockBlade.com on April 25th, 2008 11:16 am

    Ok, 1382.75….seems like we “might” reverse in here…careful…

  8. Tom@StockBlade.com on April 25th, 2008 11:21 am

    Hmmm…. they are putting the pressure on…surprising they are pushing it this low, this early…

  9. Tom@StockBlade.com on April 25th, 2008 11:34 am

    Ok, I am done with the futures for the day…good luck…

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