FAZ has tested the $10.00 line twice this morning. Ya might want to keep an eye on it since there is so much momentum in this month's rally.
Be careful with it though, the internal indicators are mixed. I have been leaning to give the Advance/Decline index a lot of respect. It is slightly bearish at the moment.
Oops. The Tick is also bearish......... we may have to wait a few days (hours?) for FAZ resistance penetration.
Update: SPY made a bear flag, the VIX is in a series of higher highs, The A/D is still bearish, the Bank index is falling, Tick is falling, all my favorite ETF's are under water, yada, yada, yada.
I think I'll take the rest of the day off.
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