Today was a step in the right direction for the bulls, but I noticed on my contra screener that SRS was positive. I find that extremely strange given the large percentage gains of the indexes. Could be something to keep an eye on in the coming days. Also note that SRS has managed to stay above it’s 50 moving average for longer than a day or two as most every other attempt had been thwarted.

While it’s very possible we could see a few days of buying, we’re not oversold by past standards. We still need to fall through the 20 level and then see some positive divergence before a meaningful bounce can occur.

40 years young and having the best statistical season ever….It’s not easy being a Vikings fan for the past 24 years, and hopefully tomorrow will end our Superbowl drought. This is a great Farve compilation for any sports fan (Packer fans being the exception).

This sector broke out last Wednesday and offered a nice pullback opportunity on Friday morning at the open. Given that we closed at the day’s high, this looks like a sector that could run higher for weeks to come.
Here is my watchlist in this sector: IVN FCX PCU TIE SLT IPI RTI

Breakout of lengthy downward trendline and recapturing of it’s 50dma in convincing fashion. The oil sector should deserve your attention for the coming weeks. Here is my watchlist:

WFT NBR EXH RIG NOV CAM HAL NE SLB SII DO BHI TDW BJS

Intelligent discussion here worth watching. I think it’s obvious where I stand.