Thursday, July 8, 2010

7/7 - stage 2a

bullish...100%...


SPX - huge candle but light vol...sucker bounce but these can last longer than exited..now at 38% fib...think we go side to sucker in the shorts then higher later


SPY - gap window resistance has chance to hold tomorrow


SPY 10 - huge move..never got that pullback i was looking for


IWM - lagging index...got some resistance above from here


IWM 30 - resistance on 30min too...still in range without a higher high yet


NYMO - back at 0


ETFs - financials got many 5% + moves today...basically oversold bounce


HEAT - big cap outperforming small caps...means ppl aren't taking big risks...going with the more solid companies...

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