The SPY pattern argues for another pop towards 156.

One very interesting aspect of today's action is the outperformance of the big cap stocks versus the small cap stocks.

So far this morning's low in the QQQQ is looking very much like the conclusion of the pullback off of Monday's high as well as the start of a new upleg.

Today's swoon to a low so far at 151.81 has pressed the S&P 500 Depository Receipts (SPY) nearly to test the June-July support line at 151.70.

The fact that the SPDRs (SPY) have been circling unchanged for the entire session is fairly remarkable when we consider that it has climbed 3.3% in the last seven sessions.

Today’s action in the HHH, led by eBay’s surge, appears to have thrust the Internet ETF out of the confines of an 8-week bullish coil pattern.

The iShares MSCI Japan ETF (EWJ) has gapped up and popped above its nearest-term weekly resistance line.

Mike Paulenoff would be surprised if the QQQQ climbs above 47.80 on a sustained basis without first entering a correction.

Today's bigger than expected drawdown in gasoline inventories despite the build in crude has sparked a powerful upmove in the US Oil Trust (USO).

Mike Paulenoff's pattern work in the Semiconductor HLDRs (SMH) argues that the SMH completed its correction at this morning's low.