Pre Market TAO Mon 7-27-09

Es Futures over night traded sideways H 982 to L 875.

Spy looks set to open flat

US dollar is down

Gold / Oil up

Treasur yields up

75% SPX is above 200 MA

Tape Looks Mixed leaning Bearish On earnings reports which continue to show large declines BUT ! some how beat street expectations ...So I guess that is..... ok? I think this week will tell us which way MR. Market is going to take us. I think we may consolidate in this area for a few days.

I published an Article on Extreme Bollinger Band Deviations with Boston Wealth Management

take a look.

http://www.bostonwealth.net/2009/07/25/bollinger-band-third-rail-deviation-spx-analysis/