June 4, 2009

06/04/2009 Intraday update

2:53pm

Close to last hour’s trading.  Last night, I get today’s market will be up first and then down.  Now we have a 1st leg up, see if the down is coming… 

 

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1:40pm

expect yesterday’s gap get filled.

 

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12:26pm

50ema is good entry point

 

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11:51am

Sector overview: defensive sectors are fading.  financial, energy and material lead the market.  Some bullish sign.

 

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11:19am

A chart drawn this Monday.  a

 

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11:07am

Financials are really strong today.  Not a good sign for bears.  If the last few day’s dip is retest, then XLF can fly high from there.

 

8:48am

Future indicates a flat open.  Gaps from either side should be filled.

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