Market trend WW12

DOW getting new high but resistence at 10900, which also shown long upper tail, look like shooting star, but again market refuse to down, the retrace so far is mild. Great support at 10811 region. The other benchmark of S&P500 and NASDAQ also show the same thing.




One thing need to note that Financial moving strong and over take as gainer from Industrial and consumer discretionary. No doubt all stock are moving strong. Market are trying to tell us something.. listen to it.

IYF ( financial ETF )


next week is short week, and end of first quarter, expect to see some window dressing actvities, seems like it started 2 days already after 3PM of the massive sell off. watch closely.Next week brings us short week, jobs data, RIMM earnings, end of quarter and an option expiration. Going to be quite a week!