Day Trading Journal 6-2-09 Tuesday

We have had Three strong up days in a row...today can expect a range day ( yesterdays high and low) or a down day if price breaks below yesterdays low ...right now price it at the pivot of 94.63 and no tick above +800

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10..amet Xl's ar on the move higher ...and we just broke yesterday high.. Financials and Energy the laggards..Just tested Jan high again ....we wait pass or fail......xfl financial is weak and hasn't filled it's opening down gap ....and energy is losing upward mojo....this test may fail
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1021et am ...spy is back under high....if it rises and fails again ..im a seller here..
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1043 et am ....there are still alot more buyers than sellers here....must wait till selling pressure picks up...... no neg ticks -500 or more.... looks like there is some rotation in the Xl"s....to comsumer disc and staples and health care.....Treasuries are also telling us the market is weak...
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1055am et ...XLF financials broke today low ....we could get a fresh wave of selling---
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the Dollar is a victim of Timmy's Big mouth....Every time he opens it the Dollar Drops....
this whole market Rally the past month has been a pure Dollar weakness play.....as soon as Timmy Shuts up the Dollar will go up....
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Pending Home sales Are exactly That...... Question is ,How many of those Are investment co"s and speculators buying for rentals and flips vs Real Home buyers .....and how many will ultimately be actually finalized?
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1145 am et ......spy is back to the daily pivot.... nyse tick is not building up sell pressure -750 convincingly.....light sell vol at pivot......looks like range is going to maintain ... energy is weak as well as financial..Dollar is coming off bottom.
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The biggest market in the world is Bonds, and when Rates go down the Yield goes up.....that means.....the yield component is the gross amount the investor makes over the life of the bond...
This is a good Tell to determine the over all direction of money flow........money always follows the best return......therefore if yields are going up , money wants to move to the higher yields....that equates to less money flows towards equities .......

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Monetizing The Debt?.........That is secret code word for the Government to print more Dollars (funny money) ..to buy down the debt........ AhAA ......Timmay!