3 negative divergences in place, http://stockcharts.com/h-sc/ui?s=XLF&p=D&b=5&g=0&id=p28019865162

which one is it? Bull trap or slow drift to a low tomorrow?

looking to enter DXD between 9:50 and 10:10, for a quick pullback trade. (JMHO) CHUBBIE

markets are reacting to Europe, but that Chinese situation is bound to command some respect sooner or later. (JMHO) CHUBBIE

http://noir.bloomberg.com/apps/news?pid=20601087&sid=aTtTO8bSjemE&pos=3

I think she's getting ready, http://stockcharts.com/h-sc/ui?s=$VIX&p=D&b=5&g=0&id=p93083294655

OT: THE DEATH GRASP OF THE EURO,

The truth about Greece is that it is in the death grasp of the Euro, bailout money and austerity provide only short-medium term stability to Greece. By giving Greece loans it allows the EU to stay functional, avoid panic and have the opportunity, once things stabilize to have Greece promote a more orderly default and be removed from the EU. allow me to explain why;
When a country enters a recession, social transfer payments increase overwhelming the declining tax revenue. This happened in the United States, however, the United states has its own currency and was able to improve its current accounts balance buy an orderly devaluation in the U.S. Dollar, which results in a corresponding increase in net exports. GREECE AND OTHER MEMBERS OF THE EU DO NOT HAVE THIS OPTION, THEY ARE IN THE DEATH GRASP OF THE EURO! As you may have heard in the news, EU members are opting for austerity programs, I do not believe this too be a sustainable method of recovery, I believe all austerity will do is lower consumption in economies that are already heavily in debt and in desparate need of tax revenue. The market is only safe while the EU feeds the P.I.I.G.S. money and keeps them out of the news. I would expect plenty more problems as this band aid surely will not last. (JMHO) CHUBBIE

http://stockcharts.com/h-sc/ui?s=$EUR&p=D&b=5&g=0&id=p24522035953

no volume, 1060 held so far, Big Blue heavily favored to
stabilize the tech earnings selloff, but we'll know soon enough.(JMHO) CHUBBIE

If we remain in the bullish wedge pattern, the best time frame to expect a real bottom would be 3rd week in August, the data generally deteriorates all Summer and ends up its worst In Aug.. the rhird week is when (20-27) is when the most important data comes out, so I would excpect a low then. Since double dip fears are still out there, I don't expect any big buying sprees, just up and down within the bullish wedge, unless we see a total collapse.. (JMHO) CHUBBIE

here's the problemo, a little more selling, http://stockcharts.com/h-sc/ui?s=BAC&p=D&yr=1&mn=0&dy=0&id=p55427851003

they are still selling the banks, when that stops we
should see a bounce, earnings weren't diasterous, so that might be sonn depending on the news, http://stockcharts.com/h-sc/ui?s=$BKX&p=D&b=5&g=0&id=p98120248833

GOOGOO latest victim, Citi is next (JMHO)

ST, I see a test of SPX 1060 coming, should hold the first test. (JMHO) CHUBBIE

I don't know about a crash, but Intel couldn't lift tech and JPM earnings aren't that great. Market is only safe as long as Greece and the future of the EU is out of the news. I wanna p[ost on that, most of the stuff I have been reading or seen on TV is ridiculous, but I'm busy now, be back later. (JMHO) CHUBBIE

I'll wait for AA. Oversold like everything else, but let's see what guidance is. (JMHO) CHUBBIE

Flipped. went short, it is becoming impossible to ignore the bearish histogram divergence, MAACD histogram is one of my favorite indicators. (JMHO) CHUBBIE

I'm still long from Thursday, but am not entirely convinced this is not a countertrend rally. Did ya see what Doug kass said, "The low for the year is in". (JMHO) CHUBBIE

everybody sees that, what you have to look at is the bullish declining wedge. (JMHO)

Bought the dip, I'll hold now. as usual employment reports are all factored in before they come out. (JMHO) CHUBBIE

Given my charts a closer review,I'll be out of what i bought today by 10:10 AM, we're headed lower. (JMHO) chubbie

Bliss, I bought the close too when 1039 held. (eom)

we'll see spx 1039 tested, if we lose it we're in bear market territory. (JMHO) CHUBBIE

http://stockcharts.com/webcgi/Pnf.asp?S=$TNX

add bankrate.com to your favorites list, keep uour eye on it.(eom)

indusrials hit teh 50 and backed off, gap filled. earnings should be ok though this week, might be able to go higher. (JMHO) CHUBBIE

neither, sideways pretty much, look at the VIX, can't ask for an easier trading environment, it's all basic support and resistance. (JMHO) CHUBBIE

uncle Buck weakening, world recoveries debatable, gold reay to break out.

http://www.reuters.com/article/idUSTRE6533CI20100617

Bliss,most indexes are stochastically overbought, you'll see a ST pullback, i'll relax take a few trades here and there, but i will not try and swing short a "W" bottom. that can be very hazardous, be careful (JMHO) CHUBBIE

euro's headed higher for now. Spain alreday priced in. (JMHO)

when the market does bounce I wouldonly trade it, the correction in technology could get pretty ugly later in the Summer. I expect everybody to sit back and wait for a lot better buying opportunity. (JMHO) CHUBBIE

thought today would be a more significant down day, I have no clue how consumer credit manged to post a positive number, when the market was looking for $-2billion. ok, whatever, (JMHO) CHUBBIE

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=50634070

Still waitng for that test of 42. JMHO) (EOM)

I think we retest 42 on the q's before a bottom is hammered out (that's what we are doing now), although that is one bearish looking triangle, might not hold, http://stockcharts.com/def/servlet/SC.pnf?c=QQQQ,P&listNum=

Stay with semi's, maybe a couple days , this rally won't last, what's happening in the currency markets is really setting the semi's up for a beating over the summer, don't want to get stuck.
data this week is going to be good, but still we'll only get a few days out of it, too many extraneous factors to affect the market right now. I'm going to put some short sale triggers in and wait for them to hit. (JMHO) CHUBBIE

http://stockcharts.com/h-sc/ui?s=$NYSI&p=D&yr=1&mn=0&dy=0&id=p03949763672&a=168005079

http://stockcharts.com/h-sc/ui?s=$CPC&p=D&st=2009-01-01&id=p29219293314&a=168005080&listNum=77

http://stockcharts.com/h-sc/ui?s=$TRIN&p=D&b=5&g=0&id=p24451472964