Here we go, rally starting

says we have pulled back from the morning rally and now are set up to do it again.

FAS held the breakout and now may be an ABC up  http://screencast.com/t/H74bn5Cg

the earth quake and tusnami pushed them and the nuclear sector off the cliff, both became buy ops when no one wanted them.

"buy fear, sell greed"

Japan seems to have weathered the storm, I hope some of you have picked up some EWJ,TM & HMC

Just bot more xle $73

Oh, a warning, do not trust DIG & DUG prices outside of regular market hours, if you want to trade energy premarket use the XLE

Thanks Park, Look at XLE and DIG, both are trying to breakout. both are also set to pull back at the open this am, I think it's a time to add to these positions. Sometimes as oil gets cheaper the refiners margins and profits go up and that seeems to be what is happening now. Also, notice that the Bollinger bands are pinching in and that yesterday the price closed above the upper swing high but outside the BBband, so a pull back is not unexpected. But I think this is a great area to get in now, and if Iran does something stupid in the gulf then this sector will take off and this etf will help offset the price of filling up the suv.

UGA is all I know of but the etf DIG will catch most of the same affects.

The Vix has had two days now where it went outside the BBbands and is now currently back inside and drawing a hammer. This is very bullish for the vix but very bad sign for the broad markets. I don't see much in other charts yet that predict a sell off here, we are still over bought but this is the first sign of imminent danger I've seen.

I've mentioned this one before, I can't find news but it's up 25% today.

http://screencast.com/t/wHZ3KwE3

this makes at least the second time they've done this that I can remember. and I have CRS

This has become the energizer bunny market, it just keeps on going.

One crack that I saw yesterday was the Vix, it broke below the bollinger band and then closed back inside the band and drew a hammer like candle.

Also yesterday via my work I bought oil and energy related stocks, here are some charts. Also, notice that on the DBC = CRB chart that the price has broken above a long term trend line.

Materials breaking out

with oil down and the dollar drawing a bullish hammer today we may be seeing a major change out of hard assets and into stocks.?

dollar etf UUP drawing nice hammer today after bouncing off support.

SCO the short oil etf, appears to be breaking out of a 60' wedge

http://screencast.com/t/13w8S8NY2qqz

Oil should be  a great buy when this consolidation is over, the other curous thing is that even though oil is down the distiliates and services are up.

oil futures appear to be breaking out of a bull flag on intraday charts, USO also.

Inventories due out at 10:30,  this is  Possible head fake....

chart says' sell the financials.