The Lady or the Tiger? $DIA $SPY $IWM $QQQ

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Oh goodie-I get to write about the small caps again! Inside day-real close to the 2013 highs. You know what that means, right? The range break is super important. Over today’s highs, well, that brings it to new 2013 highs, check! The Dow crossed back over the 50 DMA for a return to an unconfirmed bullish phase, check. Nasdaq gapped higher and held Wednesday’s high but still has last week’s highs to clear, check. S&P 500 did nothing to suggest negating the topping candles from last week, check. The Financial ETF remains weak, check. Real Estate is in a bear phase, check. The rates went up some, check. Biotechnology ruled the world, check. The market is like a flirtatious woman-she drops her handkerchief; a gentleman bends down to pick it up thinking she’s now his; he stands up to find her disappeared from sight. Why? Because she is conflicted-she wants it-and then she doesn’t. But, Friday’s here-and what woman wants to be alone? Is the market Garbo or Gaga?

S&P 500 (SPY) Law of attraction to the 50 DMA still. That would change if it clears 170.50

Russell 2000 (IWM) DOJI Inside day. Show us the way!

Dow (DIA) Weak unconfirmed bullish phase

Nasdaq (QQQ) Much better looking after Thursday session

ETFs:

XLF (Financials) Has to clear the 50 DMA

SMH (Semiconductors) Over 40.50 most likely continuing to new highs

XRT (Retail) Nike earnings report should help here.

IYT (Transportation) Inside day on the 10 DMA

IBB (Biotechnology) Queen bee’s workers came back from their holiday

IYR (Real Estate) A gap higher would be nice-clearing the 50 DMA especially

XHB (Homebuilders) 2 inside days

GLD Under 125 seems like the fun is over. Only over 130 should the bulls come back in with a vengeance

USO (US Oil Fund)inside day

OIH (Oil Services)Inside day47.00 area of support

XLE (Energy) Topping candle from last week still a factor

XOP (Oil and Gas Exploration) Has to clear 66.80 now

TBT (Ultrashort Lehman 20+ Year Treasuries) TLTs 106 now pivotal

VXX Subscribers: All about 13.42 holding now

EWG (Germany) Inside day.

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