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ETF Market Technical Analysis 2-23-2010

|Includes: ABE, iShares Russell 2000 ETF (IWM), QQQ, SPY

Makets reverse to the dowside and complete the first half of a reversal pattern.  Confirmation over the next three sessions will confirm a change in market sentiment and momentum.  All the major indexes fell as well as OIL and the dollar rallied.  Some sectors look particularly fragile.  See the video for details. Next video update on Thursday the 25th but I'll be posting here before then. 

See the link for the video

ETF Market Technical Analysis 2-23-2010

Sea Lion Capital Management LLC

Disclosure: Long DUG, TWM, QID