Replies to post #65202 on SPDR S&P 500 (SPY)

[Footquarters]

Futures









closed down 8 pts. at the close, looked like some sell program, which was instituted at 800 SPX. So the finish in the SPX wasn't impressive, the QQQQ participants like AAPL, Google, Rimm with the 2 buck up days sure didn't look like they were convinced either. Noticed that the Oil stocks like XOM,SLB, COP all got back to their recent consolidation/resistance areas. So financials are weak at best, Tech is unimpressive, energy stocks are back to consolidation levels, end of day futures sold off. On Big charts there is a huge end of day spike down to 25.50 at 4:15 on the QQQQ. I do think it is interesting that everyone thinks the bear market is over with one up day. We are on a hold short signal across the board, so all rallies should be sold into, until we have better technicals.