SPY - bearish
XLF - very bearish...no support
XLF weekly - very very bearish
USO - nearing support
UUP - broke through resistance...commodities bearish
VIX - broke resistance...bearish SPX
A/D - bulls taken out back and shot
ETFs - short financials, long safety plays
Analysis: pretty clear that i am in bear mode right now...look at the charts...broken supports on important charts and broken resistance on inverse charts...this is horrible...nothing bullish going into tomorrow at all except the possibility of a huge crash in the morning followed by some huge obama-sized bailout to prop the markets way back up...short of that, and i don't see any reason not to sell any rips...take a look at the chart below from "marketwatch.com"...interesting...i say obama has a good chance to make G dubbya look good...damn i miss that guy already...
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