Thursday, February 11, 2010

2/11 - stage 2a

prediction: can go either direction tomorrow

SPX - trendline resistance on light volume


SPY - new high


QQQQ - broke downtrend, but at resistance


XLF - strong resistance above


XLF 30" - below resistance but higher lows


RKH - rectangle support unlike XLF


VIX - no more support


2/11 - etfs, financials weakest..financials need to participate if this rally is to last



  • unsure where we going tomorrow
  • signals are totally mixed
  • financials are most important going forward i think

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