Let’s start out with a couple of charts here today, first up the QQQs and we were so close to getting off the 580 calls at $5 for the MEGA9s hedge today but the high was 4.97. Anyway we hope you guys are following along there. The QQQ Chart is sticking around 580 right at this weeks resistance. Seems to us the struggle to find new buyers is being met with sellers in the techs and buyers in the Dow and Russell2k:
As as the Russell2k we can see that 2222 has been broken once again and getting confirm of this breakout this week. This is why the QQQs are struggling because it seems as if some of the larger accounts are selling in the high flyers and buying here:
