SPY - bullish
COMPQ - bullish
XLF - bearish
USO - at support
VIX - SPX bullish
UUP - uup bearish = SPX bullish
UUP - toppy
A/D - not very bullish stats compared to the rally
ETFs - not good...XLF and XLE lagging and safety plays were leading
Analysis: charts looking bullish...broke out from the downtrend and now i like the longside on the 30min charts...daily charts show much room to the upside but with many areas of possible resistance...UUP looks like a good leading indicator (as evidenced in the 30min chart comparison) and it is pointing to a very bullish setup...biggest worry for bulls would be financials as it continued to fall...most likely because of the bad banks plan that would most likely dilute equity in the shares...but i would be doubtful of any rally unless XLF can start posting gains...i'd say i am 70% sure we will rally in the coming days...
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