Charts of Note

Utilities (XLU) rocked it yesterday... took a substantial position on breakout (as part of a preexisting thesis)

 

You are looking for a repeat of your AUD/EMs call back in May? Rotation to defensives?

 

NQ and TF retreated off the weekly upper range today but ES and YM are hanging tough at the moment.

 

AUD and XLU don't really have much to do with each other... XLU has multiple ways to benefit, partial safety rotation, partial dividend yield play, partial positive exposure to bullish energy focus.

 

Gonna be hard for tech to overcome this albatross...

Via http://www.mercenarytrader.com/2012/10/tech-albatross-and-china-ponzinomics/

 

Update on the NQ projected weekly range. Price has almost moved from the upper to the lower range in a day and a half.

 

Trends breaking, whackage commencing (IBB, JJC)

Via http://www.mercenarytrader.com/2012/10/dude-wheres-my-revenue/

 

Line in the sand @ 142.5



If SPY closes below this, bulls are going to be in serious trouble...

 

50 EMA support levels for SPY and DIA gonna be torched today.

Heavy short QQQ and IYT from Friday's open...

 

UUP, FXI, DBB