SPY - good support now from channel...can pullback slightly from here
COMPQ - near resistance but not yet
RKH - surprising many that it broke out...now we got a little more before strong strong resistance
USO - test of lows intraday
VIX - intraday support
TLT - sidelined money?
A/D - way bullish in terms of volume
ETFs - financials lead because of news...no surprise...XLE kinda lagged
Analysis: Impressive breakout today from a gap overnight...news was the driver...technically it was not the time to sell short just that, as i indicated yesterday, we had a higher probability to break down than break higher...so i was surprised...we have resistance right at the closing price so tomorrow might just invalidate all the hoopla today...but for now, i remain cautiously bullish as we are making higher highs and higher lows on the 30min chart...tech had some great moves and many individual charts showing a lack of resistance above...thats an area i am looking to add money into...
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