- google got huge earnings giving early pop in futures, but soon after, market lower...
- despite closing well off the lows at the eod with a nice pop late in the day, we still in a sidetrend even on the very short term 10min chart
- reversal daily candles on several charts such as XLF
- market indicators no longer oversold or overbought so can go either way....
- energy well out-performed other sectors, guessing because of buyout of one of the companies (pretrohawk)
- dollar looks ready to go higher which is bearish...but nothing is confirmed
- financials continue to be laggards especially big names but still closed WAY off the lows of the day
overall, i think the market is still up in the air...got reversal candles on some of the index charts but doesn't mean that anything is confirmed...we can easily fall monday and if that happens, we are still bearish, waiting for confirmation...but if rally, then a great time to go long as it has a good chance to continue...so keep stops tight and eyes glued on the watchlists ready to go long
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