The last two days have been a giant no demand on USA stocks. Markets are rising primarily on retail volumes. You will notice on Dow Futures that 2 day rolling volume is lowest in 3 months. I maintain the S&P will go below 3,800 and the DOW below 30,000. We are testing the downtrend on DOW futures on very low volumes. There will be a giant move down soon around Larry Page’s 49th birthday. I should note this down move is a long-term buying opportunity. It will be the best buying opportunity since March 2009.
