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Thursday, January 28, 2010

After - State of the Union Address

This is an Daily chart of the SPY - mid day, with the market professional gap up (overnight and market orders fills) in the morning the sellers stepped in and have taking this market to the downside. Sup 108.00, if this breaks than we are looking for 107.15 for a new support level.

Obama, State of the Union address, appeared to us the same old thing that was stated in his presidential race to the White House. Unemployment, still in a decline.