S&P 5/26/09

US market jumped for 2-3% among the 3 major indice. But it's still early to tell if the market has the strength to keep going up. S&P 500 has been stuck in a trading range between 880-930 (DJ & Nasdaq also in their trading range respectively). Above 930 there's a major resistance of EMA200 at 944. I won't do anything unless the market shows a strong move above 944. It's a consideration based on  risk/reward factor. Right now I'm 100% cash sitting on the sideline ready to jump in when the right moment hits. I exited to cash out the profit last week. It was sssssweet.