SPX 913...if it wants to breakdown this would be the time

SPX hits 920 little bit ago...RSI red flag

XLF Squeeze soon 12.51 now FAZ close to $5...looking for a short squeeeze to 13.50 (200 DMA)

Hummm.. SPX XLF USO UNG highs here

USO UNG doing well - UNG 15 min chart may need a rest

SPX looking tired - next run if any might be it for the week

SPX trying to slowly get back to highs here

USO Daily above trend line...trust it?

USO on Inventory increases... hits top of trend

SPX 2nd try over that trend line that turned 907 back and backing off 915 now

XLF Daily trying for the top trend line ~ $13

SPX Daily Update...RSI should be able to get well above 70 in the next few days

Looking like a bull trap here on the open, lots of gap open to HOD and reverses. XLF leading gain FAS over $10

SPX 915...good day for a melt up

U.S. April ADP employment falls 491,000

U.S. April ADP employment falls 491,000
By Rex Nutting
Last update: 8:17 a.m. EDT May 6, 2009
Comments: 25
WASHINGTON (MarketWatch) -- Private-sector employment in the United States fell by 491,000 jobs in April, according to the ADP employment index released Wednesday. The March number was revised higher to a decline of 708,000 from a decline of 742,000. The index comes two days before the government releases its estimate of April nonfarm payrolls. Economists are looking for payrolls to drop by 580,000 in the government survey, which would be the smallest decline since October. End of Story

GM and BAC news/leaks overnight

GM: 1 / 100 stock split and Govt prfd conversion= $0.01

BAC: needs 40B in capital

Gold GLD

From Bespoke

If the STO is symetrical, this rally could last another 20 trading days Mid June

SPX H&S close...lots of sideways today - Ranges for Wednesday

Slow Index plays BUT:

ABK up 40% BZH what a run from 0.40 to 3.41 today up 11% MBI up 11% ALY up 40% LCC break out @ 5.10 up 8% AGM up 14%

SPX 896 support slow day huh?... $XAL up 5% XLE to watch for ERX ERY plays

SPX at 2:10 off 1%

Out till 2 today

FYI - Some Asian and European Markets are making fresh highs Without the RSI confirming

KOSPI DAX to name 2...red flags

These are all steep trend plays now and buying should be done at the 13 or 40 day EMA from here till this rally runs out. Just a bit of trailing stop maintenance is in order

Solid Up Day - New Highs SPX XLF USO Ranges for Tuesday

Transports up 6% today 3340 from 2100 in March

FAS up 21% IYR up 7% URE up 13% TAN still up 10% KOL up 11% XLF up 8% here near the close... Everyone talks about Tech leading: up only 1.2% today

Hour to go 899 XLF hit 11.34 new high of run XLE XLB UNG smoking today also

SPX Daily - Melt up update

SPX New highs 901 - Estimators Picks ISLE up 17% CNTF up 13%

XLF 11.21 - she how it does at 11.33 - FAS up 14%

900 new high, can it break above the channel? Shorting when STO goes below 80

SPX holding critical level here

reload or topping? got to respect the top and the bottom channels

SPX 899 new highs - 925 975 res then 1010

XLE asend triang BO giving ERX up 9%

KOL mentioned at $13 now $21 here..nice run... looking for short entry

UNG Stopped out $14 up 8% - $13.50 ish for re entry

XLF 11.10 ($11.33 last high) lagging SPX but at least it's up FAS FAZ

UNG I put in a stop at $14...just because... will buy dips .. $14.18 now

The 34% RALLY on the 60 min SPX chart... watching STO for drop beow 80 for a short

Melt up possible - RSI has broken out if we close here or higher...wow

SPX new rally high now 889

Near rally high on open - looks of a head fake but broke the downtrend line

SPX Fut up .6% XLF up PM at 10.85 breaking above 15 min downtrend... TAN up 4% PM

Still watching the SPX RSI for breakout

Buffet warns on retail and manufacturing

Could cause a leak in those indexes next week