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  • wdblawgrow wdblawgrow May 23, 2012 7:34 PM Flag

    A WallStreet Coup.

    oil has been going down for one primary reason, it's priced in Usdollars.

    FWIW, the lows of the day for the DIA, and the SPY, pretty much matched the lows of last Friday. UUP daily chart shows a higher high, but a lower rsi, ditto the EUO (dbl short the euro), short term bullish for equities, notably gold stocks, some of which yield far more than INTC, ie GFI.

    as evident on Monday for the QQQ, late today on the DIA, SPY, QQQ, oversold rallies can be quick and rewarding, but there is now resistance on the upside, SPY 1340, so until that level is taken out with positive technicals, rising rsi.rising macd, rallies should be viewed with skepticism.

31.57+0.08(+0.25%)May 27 4:00 PMEDT