Tuesday, February 9, 2010

2/9 - stage 2a

SPX - some resistance above


SPY - clear til 1100


COMPQ - trendline resistace


RKH - symmetrical triangle


ETFs - financials weakest? got to be a reason for that...



  • conflicted in either being a bull or bear here
  • i like the longside for the reversal candle and strength today as well as very likely bullish news for greece in upcoming days
  • BUT also am skeptical as i don't see any good setups for the longside except for airline stocks
  • also volume and the movement in intraday charts tell me that there is cautious buying, not strong buying that will lead to a huge rally

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