Per Market TAO Tuesday 6-9-09

Spy has been trading in multiday range 9510 to 9310 ......hard to tell where the market will go ...
dollar is trying to stage a come back but looks to be stalling , oil looks to be topped out ....gold cant hit that magic 1000 mark.....bond yield are rising..... the market is still in buy the dips mode ....so even though all indicators are not looking great for the markets....today i stay with the big money and they are still buying the dips......spy is sitting on the 200ma so the big mutual funds are afraid they will miss any up side and they are buying like crazy cause that is all they can do.........looks like we open flat so the best thing to do is watch the XL's and see who leads in the first 30 min"s...im thinking ... xlk because Texas Inst had a great earnings report............................................................. the plan today is to buy in low 93 ish and with a stop below 92.70 and sell 94.80
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1030 et am ....market has settled into a range day with spy 9500 high ....no significant buying or selling on nyse tick ....no real leader sector this am .....relative volume is low as well...