As we close out the week here, I’ll give you my 3 cents:

1. The SP500 is now breaking out from the intermediate TREND line at 824 (thick green line in the chart below)

2. This is a very trade-able range; buy the down moves, sell the up ones (next resistance is 848)

3. When the US Dollar rolled over intraday, US Equities spiked (if it aint broke, don’t fix it)

Thanking God that Timmy Geithner won’t be on the Sunday talk shows again this weekend,


Keith R. McCullough
Chief Executive Officer

Shark Bite: SP500 Levels, Refreshed - kmth