GDP Contracts only 6% (whew... JK)

SPX XLF USO up PM all at or near resistance but upside of Tuesday wedge and channel trends

Weak close - SPX ranges for Wednesday

Expect Higher Rates on the T bonds - TLT will free fall

Market rolling over 855 on SPX is support or more selling to the close

Market has lead feet today SPX sitting on top of that stupid trend line like it doesn't know what to do

URE off the IYR may be the one on a market pop

SPX at trend line - STO may be too high to buy here

$SML (TNA)outperforming the SPX

UNG looking like a bottom here or real soon

TLT 99.75 and FALLING

TLT (20 Yr Tbond) at the bottom channel. All hell could break loose if it goes below 100 (rates up)

Focus ETF's near downtrend lines...can they blow through?

IYR USO TNA (SPX) XLF

XLF USO IYR updates

SPX near 11 AM

XLF recovers from - 5% FAS FAZ not acting 3x, more 2X here

SPX Island gap and gap reversal on Housing and consumer confidence reports

SPX 847 open 853 bounce...see if it holds

Key Day for Support Test

Banks under pressure on Gov't leaks about banks req new capital raises XLF 10.30 -4% at support premarket. USO -2% at same support that held Monday 27.50. SPX PM is -1.3% around 847 (SPY) and if opens here is near lower trend line (845) that must hold to stay bullish (or the topping process begins). IYR PM is above 30 support but broke the trend line Monday. SPX wedge trade for TZA is working PM. Like I said before maybe we get a rolling over top, but I think there will be a spike or Bull trap to finish this excellent rally off. we'll see how she trades today. $XAL is getting wacked on the Flu news and individual issues could be tradeables on more weakness.

SPX tight bouncy day -1% 857

Ranges for SPX USO XLF and IYT for Tuesday...

IYR REITs will be a focus - today -8% so URE -16% SRS +16%

Technical Indicators Scream Caution A huge array of charts I am following are signaling caution. Let's take a look at various Bullish Percent charts

Technical Indicators Scream Caution A huge array of charts I am following are signaling caution. Let's take a look at various Bullish Percent charts from MISH'S
Global Economic
Trend Analysis

SPX hits lows of the day and now on a bounce 859 res here