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Short

CMF(w) - Muni's in focus?

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BATS:CMF   ISHARES CALIFORNIA MUNI BOND ETF
119 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.
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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My email: mr.blmadoff@gmail.com
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