Hunger Games-Catching Fire! $SPY $QQQ $IWM $DIA

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­The Dow closed on new highs yet didn’t make new intraday highs. The S&P 500 and NASDAQ firmed, still a bit away from their highs. The Russell 2000s nearly doubled the performance of the other 3 percentage wise with a shout out to the 2013 highs ever so close-111.62- and some good accumulation in volume. So, it’s the small caps once again, leading the charge, which is fine by us! The other “tells” cooperated. Real Estate, although still in a bear phase, firmed, Financials soared to new highs and rates dropped a bit. We head into the end of the week stronger, smarter and better off in our P&Ls. Now, my sense is a big blow off rally is coming-question is when. Don’t guess, gauge!

S&P 500 (SPY) 178.50 the 10 DMA support.

Russell 2000 (IWM) 111.62. Remember my name!

Dow (DIA) Best evidence of a possible blow off coming to a theater near you.

Nasdaq (QQQ) 82.70 was my number. Now it has to clear 83.60 and keep going

XLF (Financials) Nice run to new highs

SMH (Semiconductors) Back in an unconfirmed bullish phase.

XRT (Retail) Working it-Has to hold the fast moving average

IYT (Transportation) Holding the 10 DMA

IBB (Biotechnology) New 2013 highs good for $25-30 over time.

IYR (Real Estate) Inside day which leaves me a bit incredulous on whether we can consider this firming action or just a pause before lower prices

XHB (Homebuilders) What I expected after 3 days of digestion. Like a snake, on the move.

GLD Lower but sat there-might be up to its of late tricks-boring to daytrade, a good run to 122 area will get me short

USO (US Oil Fund) Looking for this to fill the gap to 34.60-then reevaluate

OIH (Oil Services) Playing in another world-not cooperating with the other groups-where to go for a short if market corrects again

XLE (Energy) Promising to take out 2013 highs

XOP (Oil and Gas Exploration) Super impressive comeback clearing back over the 50 DMA

TBT (Ultrashort Lehman 20+ Year Treasuries) TLTs possible slingshot low.

FCG (First Trust ISE Reserve NatGas) Set up perfectly today

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