SPY - broke above slightly with good vol
QQQQ - broke out nicely
RKH - higher close, 50ma in play
RKH 30 - resistance present intraday
USO - bullish strength
VIX - retest of breakdown it was
VIX 30 - support and resistance clearly defined
A/D - super bulish volume
ETFs - financials and tech rally
HEAT - very one-sided to the bulls
ISEE - not a huge committment from buyers...bearish signal
Analysis: some resistance broke as we got a higher high on SPY intraday and QQQQ...bad thing is that from the daily chart, nothing changed and resistance is still there...VIX looking bearish so SPX bullish...confirmation of course would be breaking down from support...ISEE makes me nervous as well as i don't see the huge # of calls that i would expect...volume in most areas like RKH also make me cautious....definitely tomorrow can do anything...i heard that tomorrow we have a huge speech from someone...might be a cause of sell the news if that really is the case...i will look into that later and see what dr. macke thinks...but for now, i'm cautiously bullish, looking to hold tomorrow, not buy...as i think this rally is very close to the end...
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