ok, we are pretty overbought in the hourly $compq chart, as you can see in the graph below. a break trough 2380 would be huge at least short term, but the odds are higher that we retrace 40 to 50 points before moving up. I would advise against getting bullish as prices rise and bearish [...]

it does look like we might just break trought the 2280 on the nasdaq which would be bullish. if we do break trought 2280, the best plan of action is to find the strongest sector and then the stronger stocks in that sector. we could be in for a very bullish week. overnight gap risk [...]

I have noticed a couple of sectors that are not fully participating on the rally.
gold
oil
agricultural
look to those to tank the most when and if the market turns down.
also, the airlines behave like a super ultra inverse to the price of oil. so for those that have the balls, if you are willing to bet on [...]

my first post, be nice guys.
notice in the graph that the stochastics on the 60 minutes spy chart has been spot on on avoiding the whipsaws in this market. its helped me a lot avoiding the classic short the bottom, buy the top kind of behavior in such a frenetic market.
At this point the chart [...]