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Thursday, July 8, 2010

07/08/2010 After Bell Quick Summary

A little bit bearish toward short-term, not sure if it starts tomorrow though because SPY intraday chart looks like a Bull Flag, so likely at least one more push ahead. I’ll talk about this “little bit bearish” stuff in tonight’s report.


For tomorrow, I have one trick arguing for a green day. But it failed 5 times in a row recently, so perhaps it means a red day tomorrow? Not sure.


Anyway, if indeed a green day tomorrow, I don’t expect it to be a huge up day (less than 1%) because TICK was again closed above 1,000.


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