Back in Jail! Up in Smoke! "Fizzle, Fire, or Nothing?"

Smoke Can Be Fizzle, Fire, or Nothing!

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SPY - 10 Day, Hourly - 12.29.10 - There is a struggle to stay above the 20 Day Moving Average.  This could be Problematic as the market progresses.   The longer term trend is upward and cannot be ignored. There are some signs of Toppiness that require attention.  Proceed with caution!

The Bulls are in Control!

The Record Speaks for Itself

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SPY 10 Day, Hourly - 12.28.10 - Bullish Action Prevails with Price Action Above the 10, 20, 30, & 50 Day Moving Averages.  The Trend Continues to the Upside.  The Big Question is, "When do the Bulls run out of Bullets?"