Market Ticker tells it like it is:

"Disclosure: Neither long or short Fannie or Freddie at this point in time. No need to be; if they crack you can throw darts at the stock page of the WSJ for your short selection."

I guess what KD is trying to say is that this latest BULL-$%*# rally will fail miserably and to mark your long exit points accordingly.

As you can see by the charts of the SPY and DIA resistance is again found along Fib retracements. Interestingly enough the volume was light on the downside until the very end of the day. The 5 Day EMA beckons as support for most of the indices going into tomorrow and one could reasonably expect a bounce off this level to head back up to test today's highs and possibly push everything back into the ranges that held captive for February. With the lack of real economic data this week and the FED cutting 100 basis points next Tuesday I see a final Bull push coming before the January lows are passed like a college student going through Georgia on their way to the Florida Keys on Spring break.