JTH

I'm leaving town on a last minute TDY for a week or so. To top it off, my kids were walking our dogs and one of my dogs was attacked by 1 of 2 loose pit bulls. Unfortunately the police had to kill the pit bull on site, and I ended up spending my evening at the Vet with a very lucky-to-be-alive dog.

So I'll keep it short...

The S&P 500 is still trading within the channel I'm watching. I did keep 5% each in CSI for such an occasion so I don't feel too bad about pulling back into the F-Fund last week.



On the Dow Jones Transportation Average we have a Bearish 20/50 MA crossover, but we shouldn't ignore the Bullish reversal candlestick pattern the Three White Soldiers.
(Edit: it's not really a Three White Soldiers, but it certainly looks Bullish)




On the 60 minute P&F Chart we have a Low Pole Reversal.



I'm sitting on the (De)fence for now and not dedicated to any of my charts being right. I will say that I've been reading Tom's commentary and have enjoyed the Head & Shoulder's analysis. If you haven't been keeping up, you may want to read his Sunday edition, it's a great way to take a step back and get a wider perspective on the market.

Cheers