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Short

CMF(w) - Muni's in focus?

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BATS:CMF   ISHARES CALIFORNIA MUNI BOND ETF
118 2 0

"Jefferson County, Ala., took a big step toward resolving its historic bankruptcy case .." reports NY Times (http://dealbook.nytimes.com/2013/06/04/a-county-in-alabama-strikes-a-bankruptcy-deal/?hp) thought i'd take a look at CMF             iShares S&P             California Municipal ETF , doesn't look so good. Broke support on the weekly chart and doesn't look so good. Wondering if it takes SPY             down with it.
My email: mr.blmadoff@gmail.com
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Yet another "Detroit .. the largest american city to take this course "http://www.nytimes.com/2013/07/19/us/detroit-files-for-bankruptcy.html?hp&_r=0"), talk about SPY reaching new highs!!
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