Update

There were a lot of significant breakouts last week - most notably SPX closing above 920.


In the short term I like the odds of a pullback but in the intermediate term this chart below shows where the market might run to (underside of magic orange line)while encountering tons of resistance along the way. And if the market is somehow able to climb to S&P 1000, that will present a magnificent shorting opportunity.


Being long AAPL with a stop under 85 finally paid off on Friday. This may have some more upside but I eventually see support at 85 failing.


BHI didn't work out quite as well, though remains extremely overbought.


After last week, both USO and GLD look to have given traders another opportunity to get short.