Out for the rest of the Week...Happy Holidays to All

Ranges for Wednesday

GM under $3 again - 17%

C and BAC are weak DOW -120 SPX 861 -11

SPX breaks wedge to the downside 865 now

SPX Ranges at 2:25

See which way she breaks here SPX 870

USO claws it's way back $1.00 off lows 30.28

USO acting bottomishing here 29.13 low of the day

Market rolling over after morning SPX 880 test failed to hold

USO is just a falling knive still watching the tend line now around 31 ish

Pop on GDP in line

USO 31.50 trend line watch
SPX tested 880 on the open, 875 now

10 am Housing #'s out

Comments SPX - 16 or -1.8% on EOD rally

Think the Fed isn't intervening in the Market...they said they would

EOD rally / short cover gave the DOW back 150 off - 200 low , Closed - 59

Couple of things on the Market:

USO is set up for a bottom Tuesday IMO, look for a blast down and reverse. I didn't get filled at $30 today.

SPX has formed a double top at 918 and looks like it could work down to the 840 -810 level after testing the 880 level maybe.

SPX Weekly RSI has turned down for the 1st day of the week, need to watch as it will confirm another test of the lows or not.

SPX 858 bounce. Last 15 min Ranges

SPX breaks 858

DOW down 206 XLK XLE XLF XLB XLY down over 3%

SPX 840 looks like the point where it can hold and bounce or we test 740, the low of 2008.

SPX support

858 then 851. 863 low of day

USO below 31.00 -7%

not yet...waiting for a spike down

DOW lod -113 SPX -21 -2.4%

USO sold off at the trend line..humm

may get that dip after all 31.60 31.34 is low of the day.. little bear flag breakdown soon

USO at 15 min trend line..watch... no dip to catch

Could sell off a little here to pick some up?

USO 15 min chart

Thinking on the next dip for USO Close out if it doesn't revese to close the day green...SPX breaking to new lows here

SPX breaking trend line

should get a nice dip then see if we can buy SSO or TNA

Re: USO

Will post an entry when the 15 min is right

USO -4% today new bear move Low

I think it's time to establish a long position based on non confirming RSI... see chart

Low risk takers need a tight stop or wait to go long when the STO breaks over 20

Hoilday Week off to lower start

SPX 877 low near support...looking for a Dip to go long?