week starting 27july

Have had an extraordinary period of the DJIA not rotating back to the 5 day 50 . this cannot continue for much longer imo . i have dynamic resistance on daily at approx 9250 with current 5day highs in the 9150 zone . the 5day50 is now at the 8930 level which is a point of a probable retrace even if this is a very bullish impulsive move on daily . have exited long positions last couple days and are now taking up short bias . only data tonight home sales
United States : Market Focus
Released For 7/27/2009

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Highlights
Housing data have been on a good run and confirmation of improvement from new home sales would add to risk demand.

Released on 7/27/2009 10:00:00 AM For June, 2009
Prior Consensus Consensus Range
New Home Sales - Level - SAAR 342 K 350 K 335 K to 370 K

Earnings tonight have a lot of companies reporting but none of them real market movers .

............. the usual