[clippercityify]

Today was boring, even from a day trading perspective.

I think we will be seeing some strength (buying tomorrow). Why?

a. Chart patterns are looking bullish for me ... in the near term. http://www.freetradingvideos.com/vlo...asp?category=1

b. Also, we have the VIX in an extremely tight range ... that should not be the case tomorrow moving into Friday. http://stockcharts.com/h-sc/ui?s=$vix

c. More participation from financials today than previously in the week

Still, wary of the light volume, and will be watching the almighty dollar (UUP) to see what the market will end up doing. Will check in sometime tomorrow ....

clippercityify

[clippercityify]

Time for an update --

Probabilities favor an up day tomorrow, just have to watch the dollar. Financials and tech have been lagging, especially with Dell's performance Friday (sorry Cramer listeners), so I may be looking at a rebound pop in some of the ETFs that track these sectors.

short holiday week coming up (I suspect trading volume will remain low), and I won't be trading after Tuesday. I think I will use this thread to keep fleshing out my thoughts. Since I am day trading, I will try to focus on that, but I have a personal rule to stay away from forums during trading hours.

[clippercityify]

Looking for some weakness tomorrow ... with the unfilled gap I could see some major selling if that breaks. Might depend on the onslaught of economic news tomorrow morning (or the dollar). Resistance at 110.70 and the highs of today (a double top from last week). I see a lot of bullish signs, but I haven't seen any meaningful confirmation of the up move ... which is giving way to some topping signals.