Live Update

Wednesday, July 7, 2010

07/07/2010 After Bell Quick Summary

I’m a little little little bit bearish toward tomorrow, at least not expecting the same huge up like today, for 3 reasons:

NYADV closed above 2,600, 16 out of 26 times (62%) recently a red close the next day.


TICK closed above 1,000, very unlikely a huge up day the next day if not red.


ChiOsc on SPY 60 min chart is a little bit too high which usually means at least 4 hours pullback so we could see some weakness tomorrow morning.


Oh, one more thing, there’ll be no WOW tonight, sorry bears. (If you don’t know what the WOW is, no worry, it’s not important. The message is for those who’re expecting WOWs.)

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