SPDR S&P 500 (SPY)

[Footquarters]

Monday's Market Pulse-





Tradeable Long QQQQ, Hold short Dow and SPX. The QQQQ is the strongest link, with Apples hanging from the trees right above. There needs to be confirmation for long trades, as the bear is full of bull traps..... The QQQQ has a bullish triangle with 43.75 being the line in sand. Watch this area for a confirmation of the recent move. A break up on volume implies a move to 45.00... realize that there is strong resistance for AAPL at the open.... Google and AAPL has major support on the daily charts below... classic bear/bull stuff....in a bear market...... favors the trend....... Watch the Yen for direction in the markets, Oil going down and Yen effect, could be positive for the markets.....

Near term signals are not in-sync. Strongest signals when they are all on the same signal.

Tradable shorts or longs are a possible day trade, risky to hold overnight.


Good Luck

SPX Hold Short

Tradable long above 1338, Hold Long above 1353



QQQQ Tradable Long


Tradable long above 43.48, Hold long above 44.27



Dow Hold Short


Tradable long above 12250, Hold Long above 12400