The ability of the S&P (SPY) either to hold and reverse back above the trendline at 152.70 or to hold and reverse off of 151.65 will indicate the health or deterioration of the March-June uptrend.

PowerShares Deutsche Bank Commodity ETF (DBC) powered higher today.

Mike Paulenoff thinks that the ProShares UltraShort S&P (SDS) ended the most recent downleg, and expects some type of rebound.

The US Oil Trust (USO) has reversed with some power and climbed to the 48.55 area, leaving behind a potential intraweek double bottom.

Mike Paulenoff's thinks that as long as the cash SPX is trading above key support at 1509/05 heading into Thursday afternoon, that fund managers will hold their bullish bias.

Mike Paulenoff takes a look at the U.S. Oil Trust (USO).

The streetTRACKS SPDR Homebuilders ETF (XHB) is clawing its way towards 38 and perhaps 40 as it continues to recover off of last July’s low at 28.78.

Google (GOOG) appears to be poised for a thrust above yesterday's high.

The Homebuilders ETF (XHB) has climbed above its February-May resistance line, which should trigger upside follow-through.

The pattern in the QQQQ off of Wednesday's pullback low at 45.91 continues to look like the start of a new upleg.