Options and Stock Market Technical Chart Analysis for November 4, 2009 by Idan Koren

Today we focus mainly on the SPY/SPX and the XLF to look at trades. The fed kept rates on hold, but since it continued to say that it wasn't planning to raise rates for an extended period of time, the bears took that as a sign of weakness in the markets. Even though we have so much artificial stimulus, inflation hasn't risen yet! We look at the bear flag wedge which broke down at the end of the day, and took a strong short position at $105.17. We also look at GS & GOOG.

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