I'm taking care of personal bureaucratic BS, but keeping an eye on the market... Heard the "news" about the yuan, see that the market is finally rolling over, and just wanted to post a big weekly chart of the SPX and the XLE just to highlight that we are an energy economy, and the turmoil in the energy markets (mainly because of BP) is having a major impact on the overall market.
XLE 6-mo/weekly
Notice the Fast Stochastic is starting to roll over a little "soon" so to say, looking kinda' bearish. Anyway, check out the next chart, the XLE, the "energy" Index and you can't but notice the similarity. I guess I could look up the weighting in the S&P and all, but you get the idea.
SPX 6-mo/weekly
OK, enough with the charts ... I'm gonna' start babbling about law and law school shortly ... you've been warned. Actually, in the near future I'd like to keep an eye on a few blogs and websites and post a few snippets and commentary, some market related, some just financial, or legal, or whatever.
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