Can you even provide more value for the membership?  This would be great!

One other thing in conjunction with volume...the Q's and IWM are lagging the DJ today.  Also transports never made a new high as the indexes did.  When is the DJ and its 30 stocks a leader?

I don't agree.  This will find resistance at the daily 50 now that it has spent two days below it.  IMHO, it would need to get above that on above average volume in order to convince me the bulls are back into the financials.

1082 gone!

I continue to keep this up move in check as the flags keep popping up.  Yes the indexes have made new highs, but..

• DJ-20 has not confirmed new yearly highs, yet
• Volume has been anemic
• Today, the DJ-30 made new highs but the Q's and SP have not.

It looks like many are happy the indexes broke through resistance and look to be moving higher, but....

SMH is so far red on the day and looks to be failing the daily 50.

DJ-20 is sitting just below the daily 20 but has come on strong as the indexes have made new highs.

BKX and XLF are both pretty much flat today.

I realize we keep bringing up breadth, but volume today a tracking pretty close to yesterday to slightly higher.  This does not say much since yesterday's volume was PATHETIC.  If you compare the selling volume of the move down to the buying volume we are getting, should we be concerned?

Why a rant on inflation when the fear should be deflation?

What time frame are you analyzing these wave counts please.

What time frame are you looking at?

What happens if this breaks down and not up?

Looks like a bo.  Any upside targets in mind?

He will be on at 2PM

Thanks for your input rp.

Thinking of a short on AAPL here with an initial tgt of the daily 20 at 178.  This coincides to the 9.15-9.16 gap.

Any thoughts?

Tom,

I am not a mommy but a daddy and my wife shops at Children's Place all the time for our kids.  So I can tell you it is money gets spent there .

A couple of years ago, Disney sold all of its retail stores to, The Disney Store" to them because they were not doing well and figured giving them to a company that knows retail would do better with them.

Matt,

Would you really be looking to place long trades at this point in the market?  One could argue the lack of volume today is based on Yom Kippur but last year's volume on the IWM was 1474262 and in 2007 it was 870572.

Could please explain how you set upu TS to route orders through Interactive Brokers?  Do you need an IB account?

Matt,

Thank you for the recap.  Some feedback...I do not believe it is too long.  I find then to be very informative and for the most part they usually stay under 30minutes which is great.  I appreciate all the guidance you provide.

Pullback????  Does that even exist in this market

Market only knows higher.  No such thing as down or lower