looks like a triangle forming around 955 cash
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3095409
Put Call seems like too many bulls
breaking down late today will kick off the 3rd of 5th (or 1st of 5th) wave down
however there are higher targets around 985 and 1002.3 gap close. Trading back over the 956.50/9170/1338 10am prints will be the first sign that higher is first then lower is later
this rally could be mutual fund manager's attempt to jam their new relative strength favorites higher along with the stocks that have fallen the furthest. then Monday and Tuesday I am at the beach so a good time to get to cash for the next 9 week cycle. volatility is going to continue
DOW 9257 cash hourly then 9500 the 9600 are still resistance and until the market easily holds over these levels I have to believe that there is better than a 50% chance of breaking the October lows after Obama is elected
on the Stock front
ASEI above $60 needs news on the earnings front
ISYS clearly broken above $22.3 means $25 likely
FLIR continuing from way oversold
EBS needs to hold over $17 or dump and reload later
AVAV at $35 resistance and looks like an expolsive up move underway
KGC was up 20% yesterday and up another 3% today - be quick to the trigger
CEF not quite as strong
Gold needs to blow through $785 (prior low) sooner rather than later or watch out below again
http://stockcharts.com/charts/candleglance.php?avav,UNG,ASEI,KGC,DGP,ISYS,FLIR,EBS,AVAV,VMW|C
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