SPY - gapped and continued right through support
RKH - still need more til support
USO - bullish divergence on huge volume
UUP - resistance near not but yet...dollar very strong
VIX - broke resistance, onto the next
A/D - as bearish as mark haynes was saying
ETFs - not gonna be able to rally til XLF and XLE start shaping up
Analysis: this tight channel we been trading in for many weeks now was finally broken to the downside (remember we actually brokeout of it once as well)...the bigger volume and the weak A/D makes me feel very bearish on our outlook...news after hours were extremely bearish for the financials and stocks in general so i doubt we will be able to have much of a rally to make today a fakeout...going forward, the support on SPX might be stronger than i expect though but i really don't care much of it for now...i look forward to shorting financials and energy tomorrow...
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