SPY - classic bull flag
RKH - bullish breakout on mediocre volume
XLF - breakout with spike in volume
VIX - SPX bullish
ETFs - definitely a financial rally
HEAT - only defensive sectors lagged
Analysis: overall very bullish..only small note would be the slight volume on the huge important breakout of RKH...BUT as i sneak a peek at XLF, its volume was actually quite high...so i think all is fine..especially since so many expected a boring day on thursday with the whole holiday weekend and all...and this time, unlike other times, the news story fits the move...ITS HUGE that WFC did so well...definitely means that its possible that financials have hit bottom...
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