SPY - bounce tomorrow
COMPQ - breaking down
IWM - bearish
RKH - pullback?
USO - trading range
VIX - SPX still bullish
ETFs - financials and materials weakest...bearish
HEAT - traders running to safety stocks
Analysis: charts are giving conflicting signals...to be on the safe side, its always best to follow the leading charts and at this moment, its COMPQ...SPX looks to be a day behind and so does RKH...which means that they can fall hard soon to catch up...or they can boost up all the markets including tech...as i like RKH the most, i think we still have a good chance that we are just having a pullback and stopped at support today...but when looking at individual stocks, the tone is definitely more bearish with many great setups popping up on my screen...retail shorts look the most promising as they are finally very toppy...
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