SPY - perfect triangle holding
RKH - tight range getting tighter
USO - bullish new high
GLD - ready to go higher
UUP - ready to go lower
VIX - bearish, SPX bullish
ETFs - financials lag...energy and tech lead
HEAT - a bearish mix
Analysis: i have to say that today is a minor victory for the bears...in fact, it was so minor that i might just call it a victory for the bulls...support held on the 30min and VIX made yet another lower high on the 30"...uso went up and the dollar continues to look weak...jim rogers is looking like the oracle and we seemed doomed as a nation as we see the dollar weaken, oil up, and yet we are still in a recession with slowing growth and record layoffs...now that the dollar is near dead, we honestly have nothing left for us except bonds...sooner or later that will be worthless like the dollar, then we will totally be screwed...congrats obama...but back to stocks...in the shortrun, we look very poised to breakout very very soon...i am leaning slightly to a breakout than a breakdown..the mood and the movement in stocks, uso, and vix just are too much for me to beleive we will go down...get ready for when we breakout because it should be huge...
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