Tues Market TAO 9-08-09

Had a Great Long Holiday weekend......The World is in rally mode today..... it's all up ...refer to chart i published last week Spx looks to have resistance at 1036 - 40 area . I think we drift sideways from here this week and remain in the 990 to 1040 range. I f price breaks above 1040 then we will be off to the races toward 1100.... The US Dollar continues to show continued weakness so keep a sharp eye on that .....these rally's are tied directly to Dollar and Investors who live out of USA are flooding in to the market because their currency will buy much more equities at great values. The Mutual fund sector as well are long only groups which continue to feed this up momentum.. I for one will wait today and see how the open session plays out....

If we get to SPX 1040 zone I will put on a sell short play back down to 990 zone with a stop above 1050