StockTock.com discusses today’s light volume pullback into the 50 moving average on the S&P. Financials struggled today on a double downgrade of Goldman Sachs. The dollar consolidated, commodities fell again, tech outperformed again, and AAPL showed some bullish action. We look at SPY, QQQQ, AAPL, XLF, UUP, USO, XLE, POT, GS, JPM, UBS, MER, LEH, AIG, SLM, and WM. Trade conservatively ahead of options ex on Friday.

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StockTock.com discusses the continued rally on Wall Street as the S&P gained another 9 points to close at 1305. Remember, this week is options expiration and caution is advised. We are looking to take profits on our S&P long position on strength tomorrow. Several sectors that we watch are at significant resistance levels and due for a pullback. These include the NASDAQ, KRE, XLY, XRT, and XHB. The US Dollar held and added to its gains today, putting further pressure on commodities, particularly gold. We also touch on IWM, XLF, USO, and XLE.

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StockTock.com discusses the US Dollar breakout and today’s rally in the S&P to the 50-day moving average. The dollar rally must be respected and its implications should not be taken lightly. Regarding the rally in equities, the trend is your friend so don’t fight the rally. We highlight the dollar index, SPY, NASDAQ, gold GLD, oil USO, natural gas UNG, financials XLF, regional banks KRE, retailers RTH, and TSO. Have a great weekend!

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StockTock.com discusses pretty much everything. We look at 23 different charts to get a broad overview of what is going on in the global economy and its effect on the US stock market. We touch on UUP, EEM, FXI, EWJ, DBC, USO, OIH, KOL, SLX, GLD, IEF, XLV, NASDAQ, KRE, VIX, SPY, XLF, GS, C, WB, POT, RIMM, and QQQQ. Don’t fight the trend. It’s a bear market rally until the charts tell us its not.

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StockTock.com discusses today’s light volume move to the 1291 resistance level. The rally continues to squeeze higher and likely has more upside. We identify potential resistance levels for the S&P. Bearish action in several financial stocks gives us pause here, and leads us to question the sustainability of this rally. We look at FRE, FNM, UBS, KEY, LEH, MER, and AXP. We also look at the US dollar and oil. The long oil refiners trade finally began to work today.

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StockTock.com discusses the Fed Day rally that ironically had nothing to do with the Fed at all. The S&P pushed off its 20 moving average on rather unimpressive volume. The rally probably has some more upside, but there are several important charts to watch. The dollar is sitting under resistance. Gold is sitting on support. The XLF is sitting on the 22.50 resistance level. Tech looks unmotivated. Regional banks probably have more upside. Oil is oversold but continues to take out support levels. LEH may be forming an inverse head and shoulders pattern. FRE looks ugly ahead of earnings. Watch for oil inventories tomorrow at 10:35am.

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We discuss today’s volatility and how the charts are setting up ahead of tomorrow’s FOMC Rate Decision. The rally off 1200 remains well intact and StockTock would like to start building a long position on weakness tomorrow with a stop at 1233. We touch on the SPY, QQQQ, XLF, USO, UNG, GLD, OIH, and XLE.

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StockTock.com discusses today’s selloff and looks at 2 scenarios that may play out in the weeks ahead. A counter-trend rally is coming, but the timing is not certain. Will we break 1291 next week? Or is there one final shakeout coming? We show you what we’re watching for a signal. Have a great weekend!

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StockTock.com discusses today’s weak action and looks at several signs the weakness may continue in the days to come. The market is telling us that tomorrow’s employment report may be ugly. We are anticipating a bear market rally, but one final shakeout may be required. We touch on the SPY, IEF, GLD, XLF, QQQQ, UUP, USO, UNG, and OCR.

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StockTock.com discusses today’s continuation rally towards the 1291 resistance level. Today’s move came in the face of a surge in oil prices. We analyze important charts of the XLF, UUP, USO, and GLD to help determine if this move off 1200 is the real deal. We also look at the QQQQ, UNG, and some longer-term charts of the S&P.

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