The markets were decidedly mixed. Solar’s, tech and ag’s were up with real estate, silver and steel down on the dollar index strength.


Aapl rallied back through lesser resistance at 197 but mostly respected the 200 level but QQQQ 44 and GS 160 were a brick wall.

It looks like the CSCO #’s will take the QQQQ back up through 44 so the next level we will want to watch is 44.83 the 50 day MA.

My guess is that tomorrow will be much like the rest of the week; a lackluster trading environment where you buy weakness and sell strength until a major level is broken.

I actually expected a little more out of this week but it has been pretty rangy so far.

The daily charts are still a bloody mess and I don’t feel comfortable making breakout or break down calls. Watch the MA’s above and last Fridays lows below in most anything you are trading.

The only thing I will leave you with is the TLT. As you may recall I wrote about the TLT breaking 89 (on the downside) and how the market sold off for a month in June. The TLT closed today at 90.33 down 1.18% on a huge bar of volume. Maybe we got to keep an eye on that 89 level again.