Economic Calendar -
Earnings Calendar - INTC Tuesday after the close and JPM Wednesday before the open.
Pivot Points -
POMO Schedule - No Mo POMO That does not mean they are gonna send the PPT packing. "The next release of the approximate purchase amount and tentative outright Treasury operation schedule will be at 2 p.m. on October 13, 2010. "
Shanky's Dark Side - Where I call all the intraday action.
Will yet another divergence get sent packing? The bears are not gonna like it if this things breaks the upper wedge resistance line and resets it higher. Turning an E touch into a C touch would be just rude. The bears appear to be close (appear being the key word there). A-E wedge appears to be ending. I expect a throwover to the 1175 at best for this run up. The dailys have ben overbought for over a month now. They can stay that way (as it appears they will) for a long time as long as this rigged market remains bought up by the Fed and BD's controlling all the action.
SPX, USB, TNX and VIX comparison chart.
Tops and bottoms chart - Just an interesting look at the conditions that caused each top and bottom and where we are today. Chart is best viewed HERE.
Have a great Columbus day. It gets busy especially after tomorrow. GL!
