SPY - broke downtrend...slightly bullish
XLF - on support, bullish?
RKH - lower low, lower close
USO - side
VIX - SPX bullish
A/D
ETFs - safety stocks outperforming, XLF lagging
Analysis: charts show me that i have a right to be slightly more bullish than a few days ago...i like the strong hold on many of the charts these past few days even though the market had very little reason to be optimistic. anytime we can't panic and selloff during a long week of bad news is a bullish indicator...but even if we do get a reversal, we are in the infant stages of it...its ok to hold calls but i decided to take profit friday as i find it a better choice as we are directionless going into the big inauguration...ron paul for president!
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