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Friday, May 14, 2010

SPY/UUP - Hourly Charts Updated





























SPY was screaming this morning (smoking hot), to the downside, as the UUP which is a US Dollar ETF was roaring to new highs for the morning. Looks like the we will have some paring to do with the HFT and PPT systems. If the market wants to become flat or slightly down into the weekend. Not?!? There is very good institution selling into the weekend. Will see what they decide to do for this weekend and possible into options exp. week, next week.