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  • jpmarketer jpmarketer Sep 12, 2013 10:44 AM Flag

    Laboring at 256/257 -- Turning Down

    This thing is gonna fall hard with even a modest pullback. S&P is at 1689 and taper talk is upon us again with Syria letup. Beware.

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    • The market started rolling over around 11am. S&P was laboring. Fed meeting is on the 18th and anticipation/fear will build before it. With this multiple, the recent and long term run -- and the time of reckoning finally here with the FED, I think market's gonna tank next few days with LNKD leading the way down. . It's a perfect storm for LNKD, with today's negative press, it's high beta, and I believe, a Death Cross today if the 200 sma and 50 sma are correct on Yahoo's 5-day chart.

 
LNKD
101.76+0.78(+0.77%)Feb 10 4:02 PMEST