Thursday, May 7, 2009

5/6 - Market Analysis (stage 2)

SPX - resistance broken on big volume

SPY - bullish


COMPQ - resistance holds


RKH - going higher


HEAT - financials vs tech...who will lead?


Analysis: since the rally started, i have to say that tech has been a part of every rally...maybe there was 1 or 2 days where it lagged but today as SPX got a nice rally and financials had a huge rally, tech really lagged..that either means that tech is forecasting us to reverse back down soon or it means that its just taking a breather and will participate and make a big move tomorrow...tough to say but for now, bulls still have control

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