Tuesday, July 21, 2009


The SPX is on the verge of breaking out, and it must break the June peak and close above it. The continuation gap from last week is doing what the textbook says. I don't really care what the market does since I find plays that move up regardless of market direction. However, I do believe a pullback coming as it is necessary and healthy for the rally to continue.

Evey sector is either bullish or neutral:

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