SPX near trend break

USO XLK XLE XLY leading today Up 4 to 2 %

SPX 827 top of the channel

60 Min
15 Min

USO head fake up 3% ? Inventory #'s were High

Runners this morning

Click to link

1. RT - Ruby Tuesday, Inc.

Last: 6.02
%Chg: +54.76%


2. LNC - Lincoln National Cor...
LNC

Last: 9.29
%Chg: +34.83%
Chg: +2.40


3. PFG - Principal Financial ...
PFG

Last: 12.80
%Chg: +26.11%
Chg: +2.65


4. HIG - Hartford Financial S...
HIG

Last: 10.42
%Chg: +23.31%
Chg: +1.97

XLF SPX Update... Should have a trade on both soon

SPX Flat playing with 815 level again

SPX off 2.4% 815 close $SML (TNA TZA trade) RSI bears watching around 50 if it gets there

USO materials XLE REIT's down over 3% here

The strangest consumer credit numbers just came out...check the google link to the left... We need to outsource Gov't Accounting!

SPX 815 being tested for last hour

Look for 1.5% drop as futures hit. 810 is target support

Be back in the afternoon. If this is the rally's end the charts look to agree. New highs in RSI need to be made on any reload and run. I do did expect a much larger spike to end this so I will day trade before I do a position trade.

XLF support is around 9.05 to fill a gap
Have a great morning!

Gold below 40 wk ema... looks dead. watch for the 10 wk ema to cross to confirm...double top

Deflation upon us? or just no inflation...

SPX Ranges for Tuesday - over 845 and We could see 945 on a spike soon

OBV Trend break soon? worked on the downside twice....

SPX 830 - 822 bounce with flag set up...quite trade

SPX 2nd 826 test

XLK weekly EMA Cross watch...nearing TYH TYP 3X's

SOME STORY LINKS

banks-as-bidders-and-sellers

Bailout psychology' destroying the economy

Sentiment Overview:

XLF Bounce off of up trend -2%

SPX down 1% - SSEC Chart Update

Alert: CHINA $SSEC EMA update

On the daily , the 50 200 EMA are 4 points from crossing. The 200 is still moving down so it needs to turn. SSEC is now up 50% from it's lows. I will post the chart Monday, but the RSI is not confirming this last high so it could pullback quite a bit. On the weekly the 10 40 EMA are pointed up and could cross in a few weeks. Just FYI. I can see a pretty good pullback then run when / if the cross takes place.

Looking for maybe 2200 to 2350 area for a china play. PGJ FXI are the etf's