Thursday, February 4, 2010

2/4 - stage 4a

SPX - going lower for sure


SPY - no more support


XLF - broke much support today...check out the size of the candle...impressive is an understatement


GLD - breakdown...great setup


ETFs - all is in line..defensive best and commodities and financials weakest...institutions selling for sure


  • great move today...almost all stocks went down
  • jobs numbers tomorrow..everyone expecting a big tanker in the market tomorrow...but i dunno why but i feel that it won't
  • got a gut feeling we will not plunge...just seems to simple and expected...market can't be that easy right??

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