Though it failed to hurdle critical 4-month resistance, ProShares Ultra Short QQQQ (QID), has nonetheless ratcheted up during the past week into a new, higher plateau within its base-building pattern.

Today’s weakness in Google (GOOG) has violated key 4-month support, which has triggered downside potential.

After this morning's sharp up-gap open, the Dow Diamonds Trust (DIA) has since reversed from resistance.

The Dow Diamonds Trust (DIA) appears to have flipped around to the most sluggish of the major equity market ETFs, from its prior position as leader during the bulk of the July advance.

The US Oil Trust (USO) has popped above key 10-week resistance at 49.90-50.20, which so far has triggered upside follow-through towards a retest of the prior recovery rally high at 50.74.

Mike Paulenoff finds the action in the 10-year T-notes proxy, the iShares Lehman 20+ Treasury Bond (TLT), to be fascinating today.

The intraday pattern in the Nasdaq 100 Trust Shares (QQQQ) argues for another pop to the upside into new recovery highs.

Despite this week’s strength in the Software HLDRs (SWH) on Tuesday and Wednesday, the decline off of the January 11 high continues to exhibit a series of lower-highs and lower-lows within a developing downtrend.

Since Monday's pullback low, which nearly tested the lower channel line off of the January low, the S&P 500 SPDRs (SPY) has rocketed towards the upper channel boundary.

Google's (GOOG) nosedive off its recent earnings-induced new high at 519.00 extended into yesterday’s low at 455.02.