The Dow Jones Industrials up 7 days in a row and the Nasdaq 100 (QQQQ) up a historic 10 days in a row (thanks to David Elliott of WallStreetTeachers for the stat http://finz.tv/davidelliott). James identifies the near term resistance levels he's watching for each, and what to look for in the McClellan Oscillator and Volatility Index (VIX) if there is a reversal coming.
Also, a warm welcome to FINZ.tv's new partner Fari Hamzie of HamzeiAnalytics.com. Check out his channel on FINZ at http://finz.tv/channel/hamzeianalytics
**Disclaimer: No positions in futures or cash products mentioned as of this video (7.21.09)**
**Index Charts courtesy of ThinkOrSwim.com**
**McClellan Oscillator Chart courtesy of Worden's TCnet
