We have two patterns playing out. The head and shoulders is very clear as well as a the triangle. While the trend has been up we will wait until the we get a confirmation move before participating. Keep on your watch list.
If you caught this trade congrats...it's a nice move but it's time to trim some and pull down stops. If you missed this trade don't chase down here. Wait for another pullback. You can also take a look at the Bonds...they have yet to break down.
He giveth and taketh away. Uncle MARIO laid another turd this morning sending the EURO straight down. The euro zone is in deep trouble and there is no reason to believe it will get better anytime soon. We are shorting pops.