KIVA: Update

Already we have some payments coming in from the original loans. The number of potential loan candidates has grown rapidly since May and if you are interested in supporting developing business across the globe one should head to the KIVA website and set up an account for yourself.

Alternatively, if you order a 1 year subscription I will allocate $25 to a KIVA loan program of your choice.

Potential Site Advertisers - I will allocate 100% of your payment into the KIVA pot.




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S&P "Bull Trap"?

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I thought there was sufficient evidence to argue against a "bull trap" in the S&P, but it would appear the market wasn't interested in such thoughts and sellers were quick to reverse the initial push above 4,200.  Adding to the pain were new 'sell' triggers in MACD and On-Balance-Volume, although the former occurred above the 'bullish' zero line, making it a weak signal. Selling volume ranked as distribution as selling momentum picked up speed.  The index is also underperforming relative to the Russell 2000. 
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"Black Candlesticks" are a concern for the S&P and Nasdaq

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