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GE – PsychTrader

Tag: GE

Bulls Having Trouble

$GE is being largely blamed for the downside movement today in the equities market as it was hit with a negative ratings outlook. The stock itself lost about 8% with greater than average volume today. The major indices all closed lower with the Dow losing nearly 2.5% followed by the S&P 500 with a 2%

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Nearly 50% Retracement

Pretty decent gains today and on some good volume so add another tick to the “crazy” side of the market. If you look at the $SPX on an intra-day basis you can see that we didn’t quite make back 50% of the losses from Monday’s sell-off. Keep an eye on that level ($852.15) tomorrow to

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