ETF SWING & DAY TRADING

[cruzship]

Torq, Burge has a good SOX chart that shows horizontal resistance at the high of today. Right where your trendline hits. http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID445101&cmd=show[s25983624]&disp=...

If SOX gets by that and holds it, we could be off to the races dragging an unwilling BTK along? It could happen.

Something to keep an eye on is the bpindu and bpoex dropping while defensive areas like bpener and bpdisc were up more than bpcomp and bpndx. But maybe tech will catch up with another good up day. Today makes a breakout on average volume look like a blind to sell into and reposition. Breakouts on average to below average volume are a bit suspect until they prove themselves.

Here is a overview:

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=msummary&cmd=show,iday[Y]&disp=SXA