what a supa mini bullSheat.

+220 points. but C moving an inch only.

epal - means MM is pushing for another leg up before tank in few days time.

Bam! You got it!  9999 now! The existing home sales dropped over 20% last month..

Your target of Dow 9500 may be in play in couple of weeks. 

Waah.. just came back in from short break.

My queue to sell for TZA @ 42 didn't hit. 

Dow actually pushed back up above 10K after dipping -9 pts below 10K. Looks like support here at this level for now.
Well, I don't think we're done yet. More "less good" news for Thurs (Initial Claims) and Friday (revised GDP outlook). Market may sell off later into close. 

Closing update:
Dow 10040.45 -133.96 -1.32%
Nasdaq 2123.76 -35.87 -1.66%
S&P500 1051.87 -15.49 -1.45%

Existing home sales plunged 27.2% in July 
I expect more blood tomorrow...

Closing update

Dow 10060.06 +19.96 +0.20%
Nasdaq 2141.54 +17.78 +0.84%
S&P500 1055.33 +3.46 +0.33%

We got bad data at the beginning, sending all indexes to monthly lows,
then, once it touched SP 1040, bulls came in and buy up all the way into the close despite negative data.
Crazy huh? 

Anyway, took a long position in TNA @ 32, and finally jumped out from TZA @ 41. 
This ride up won't be a long one. I'll probably re-short again later.

Didn't buy any C yet today despite hitting 3.64 low, and at close, it looks as if C didn't participate in the rally at all.

I believe S&P 1010 (July lows) is on target here, the short term floor at 1040 could be taken out by tomorrow.
There's pretty quick gap down towards SP1010.

If SP1010 breaks down.. say to SP1000 and does not reverse back up,
then the Head and Shoulders myth will become reality, we'll could
see July 09 lows (pretty sharp drop here)..that would be Dow 8000. 

umm.. why r u heppi? I thought u're BEARISH?

Yeah man.. there are few investors/traders at all.

If you watch the last hour action, those fast computers are in control.
They take it down, attract the bears.. then ramp it up, take money from bears. 

I'm not falling for it.  I think I stay at the sidelines until Friday, may even stay off after
next week when volume returns. 

Crazy man.. absolutely crazy.. 

Dow Jones  10,269.47  +254.75  (2.54%)
S&P 500    1,080.29    +30.96  (2.95%)
Nasdaq      2,176.84          +62.81  (2.97%)

One of the best performance of S&P in many months.

Oil hasn't follow up yet because of the bearish inventory level, more than 3.4 million barrel of oil build up since last week.

But, Oil isn't tanking either - 73.50 to $74 is ok. Once Oil gets over $75, the bulls want to take it to $80 but Dow better be higher than 10700  by then.

Let see how initial claims come out later tonight.