14 OCT 2009, Wenesday

1. Well...whaddyano...Da Boyz did it!  Amazing what the start of earnings season can do with Intel last night, JP Morgan this morning, Goldman Sucks, Citibank, Google and IBM tomorrow...can lead to emotional swings which may pump this higher into overhead resistance? 
2. SP500 gaps up and closes at 1092.  Effectively, we've entered into a potentially interesting area...now to see if there is any reversal.  My guess is not until next week since Friday is Option Expiration day and Da Boyz may want to cash in their options at higher prices.
3. New highs...going up...overbought gets more overbought.  Not much has changed...yet.  May or may not add more later.