Friday

Not trading much today,just watching how market held emini lows from yesterday around 1082.50 area then 1085,support.A lot of bounces from that area except for GS,still acting weaker for now,insures still under 50 day moving averages,solars have some snapback,with YGE reporting earnings ,am.Oil bounced back over 76,but still under the 77 level.X bounced off its 60 min uptrendline still in place,unless 39 is breached,still testing neckline from previous daily head and shoulders,wouldn't be suprised to see it retest its 50 day moving average around 42.60 area if gets over neckline,otherwise still a bearish pattern,under that.