SPX - new high...don't care about dow 1100..it means nothing
SPY - ascending triangle breakout
NYMO - broke downtrend in a very big way...(actually broke 4/1 but small break be4)
UUP - resistance but stronger than bulls want
VIX - sideways...not bullish
HEAT - sector rotation bullish
- it feels like a changing of the market is happening...oil prices are being a concern and that means that instead of market tracking the dollar, it might track oil...
- all this would mean that commodities have a chance to separate from the market (like before when oil was at record highs)
- dow 1100 being talked about...but with no strong resistance there no at SPX at a similar price, i think it will turn out to me nothing important and not a point like dow 1400 where market hit it then screamed lower...
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