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Trading idea: short MGM.
Opened at 15.94 on 7/22/11.
i think this auto company is going to need gov’t bail-out money:) 

$sox is up big today.   I checked that North American semiconductor bookings were down 4% month over month in May.

$ndx is flying solo today to new highs most likely with a divergence to the overall index during a crucial weekly cycle and testing its major highs from early 2001.

SPY i have multiple stretched to their limits, signals, on my over night charts, say short now, don’t wait.

CISCO Hits 20 Week moving average: http://niftychartsandpatterns.blogspot.com/2011/07/cisco-hits-20-week-moving-average.html

Finally, the TSA child molesters get what they deserves!  LOL

SPY Trend update: http://stk.ly/ofLxJm

I heard that… the market likes the news it seems.  I guess that lowers the unemployment numbers, which is positive for the market… sad.

bomb gone off in Norway in government buildings, 2 dead reported so far