Tuesday, January 23, 2007

Jan 24th market outlook

SPY and oil are bullish, NQ and tech are bearish. Tommorow looks like it could be a big day, either bullish or bearish. We've got the oil # out at 7:30, which will be a big determining factor to see if shorts have to cover, or if the intermediate bearish trend continues. The charts look bullish as they stand right now, so I'll be on the lookout for breakouts to the upside with strong volume.


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