6/1/09

International Oversold overbought ranges

International Oversold overbought ranges

UNG - Higher low - up 9% today

SPX Ranges for Tuesday - focus XLE XLU SPX - RSI not confirming new highs! repeat..





SPX turns back at 948 top of channel - XLE up 4% nice 10% breakout so far

SPX RSI divergence from price action on the daily - Red Flag

SPX Weekly - 10 40 EMA Status - MACD still below zero RSI at critical res

SPX 941 - Top of the Range

GM Files for BK

shares trading at .57 - 24%...Amazing, June $1 Puts = $64.??!!!?? .40 to zero

SPX 932


If this is a reversal day - I would get short indexes...Gap open here and holding near highs

XLE and XLK leading

936 on SPY PM - a gap open and possible runaway gap set up - 960 and 975 res and downtrend breaks could get us 1000 on SPX in short order.PANIC BUYING


GLD UUP pair trade - Long GLD short UUP (Dollar) has worked great for a few weeks now...could be time to watch for a opposite trade

SPX over 930 in PM on 'good' personal income and spending

CSCO TRV replacing C and GM in Dow next week

5/31/09

Gold US Dollar focus on Monday along with XLE USO and SPX

UUP, the dollar ETF is getting oversold again