Monday, April 6, 2009

4/6 - Market Analysis (stage 3)

SPX - bullish


SPY - pulling back


QQQQ - bullish


RKH - resistance still


GLD - bearish, bullish SPX


ETFs - healthcare pure safety still huh?


Analysis: ultimately just a pullback day on light volume on most likely a sideways trading holiday shortened week...but the nice orderly pullback and strong push back up to the highs in the last hour of trading does make u see that when all this consolidation is done and over with, we are more likely to continue up than down...

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