TCM Notes : 7/20/09

• The weekly moves of 7% on the indices were similar to the powerful moves we saw on the follow through week in March. The likelihood of SP500 at 1000 seems more plausible as we got a peak at some decent earnings from some tech bellwethers. The semiconductors are leading the way this year as is seen in fresh bull markets. Waiting for further confirmation at this point is a fool's game. The market has confirmed the trend now once again. Dips are to be bought going forward.