Thursday, September 25, 2008

2008-09-25 Market Watch

Today the market went up sharply as expected but it was not an accumulation day.  Big moneys were cashing out... maybe they knew something or they just felt risky?  Anyway my outlook does not change because of either the big rally during the trading hours or the selling-off after the hours.  Let me say again, no short, you can watch the game but don't take advantage of it if you are not so sure.

SPX 60-min:

spx

QQQQ 60-min: 

qqqq

This sector is weak.  Don't buy QLD.  Be patient.

XLF 60-min:

xlf

SKF 15-min:

skf-15m

Watch the gap.  Be patient.  It's not a buy at the moment.

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No update to SSCC/TAN/DBA.  The charts look boring.

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