Trading Plan for Thursday (Sept 10, 2009)

Interesting up trend in the markets for the past few days.....but an important test is coming in the next 2 to 3 days....

Here is a chart of TLT, note the positive divergence in MACD and the buy signal. I think there could be a bounce in the bonds and if it rises above the 20 EMA, we could see the markets halt or slide a little. The ideal target for a bounce is around 92.33 but if we see volume coming in on the bonds then this could go far.