Friday, April 9, 2010

4/9 - stage 2a

2m: bullish


SPX - bullish


SPY - breakout to new highs


DIA - very important breakout...finally out of the range


USO - weak despite every reason to rally


VIX - will support hold?


  • many reasons to think we will go higher but a few things make me feel skeptical about it
  • i dunno how did XLE lead while USO was negative despite dollar plunging...
  • going forward i am confused on how much correlation the market will have with JJC, USO, or UUP...market doesn't seem to be the same lately

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