uzVbkLlVFKM/SH4mU-1tbXI/AAAAAAAAAmY/CUdM9SVCrQc/s200/beendown68-nel%5B1%5D.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5223654759703866738" />... It Looks Like Up To Me" ~ At least so far today. Tick and financials (XLF +6.87%) are rocking, oil is down (USO -2.70%). Earnings, commodities and international matters are cooperating.
I imagine we may see a pause at yesterday's highs/ R1 (say SPY $123.25), if not sooner. It will be interesting to see whether/how this holds up nearer to the close.
CLOSING UPDATE: A text book short covering rally with XLF up 12.29%! My goodness. I may do a post-deconstruction on the day latter on since it traded so predictably from a technical standpoint. Ebay is just out with an EPS beat, but apparently there is some dissappointment on either revenues or outlook.
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