Futures are trading higher this morning on the heels of yesterday's sell off and now some over sold conditions- and yes it looks like QLD long from the close is looking ok and may take it off soon enough.
Not sure I want to get all beared up looking at the chart above - but to each their own.
And BBY disappoints with its retail news and the comps look like the biggest problem.
Also back to the bullish indications for equities - dollar down, gold/crude/commodities higher and nat gas another 3% higher.
Other stuff this morning:
In Iran - one indication of a counting problem;
Kellner looking for more dollar weakness;
Value Line less- bullish - wonder where they were at SPX 1575?
BESPOKE on Growth vs. Value;
DR. BRETT on 10 day high followed by 10 day low;
Overbought and Oversold ETF's;
And who isn't tired of hearing from the other BRETT;