2012 starts with a roar

• Posted by admin
• on January 3rd, 2012

 

$QQQ break-out from trend-line.   Technically our favorite index ETF which is good because you want tech to lead a rally.

$SPY above trend-line and the 2011 wall of hell (aka 200sma)

However,  the break-out  would be much more convincing if $TLT could break-down through trend-line/100sma in the coming days.

And if $SLV could break-out of trend-line and show some risk-on attitude.

Nice start — now let’s get basic materials to show continuation, and treasuries to break down and we could be in for a good quarter.

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