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The latest from the IndexHunter session 06/30/2009

GLL -   weekly double bottom in price, strong upside divergence above the signal line, it's been drifting sideways, needed to wait for the daily to turn for re-entry and needed hourly to jolt the daily, needs to come up to 15.65.

XLE  - near term decent trading on quarterly options.  weekly, weak and turned a little to the downside.  daily, confirmed turning down, but moving more slowly and stabilizing, if you see hourly turning could make money on calls just before expiration.

SPY - monthly could go either way, weekly has been moving up but slowly, daily moving sideways.  this tells us nothing of substance but suggests more on the weak side.

CME - showing daily weakness.

SDS - watch the hourly to kick the daily up, should be at $58.