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S&P 500
5,792.04
(
0.71%
)
US TECH 100
19,721.72
(
0.76%
)
Dow Jones
42,512.00
(
1.03%
)
Brent Oil
76.62
(
-0.02%
)
Bitcoin
60,673.24
(
0.16%
)
Post# of 704019
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osprey

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osprey

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Monday, 01/05/2009 12:45:01 PM

Monday, January 05, 2009 12:45:01 PM

Post# of 704019
Dow overbought ST. RSI(5) is 74 down from 80. I would expect a pullback soon. If my rally scenario is correct, might not be much of a pullback. Dow sitting at breakout resistance, now support right now at slightly under 9K.

Even though the NASDAQ and DOW are slightly down, this looks like a healthy market. Lot of green on my screens, a lot of big moves in selected stocks, SNDK and some energies, coal.

TBT, 2X reverse TLT, has been on a tear the last 3 days, up $2.12 to 41+. Long term bonds looked like a bubble and it looks like the bubble is deflating. TLT is the Lehman 20 year bond index.
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