Toddo notes that positive technical constructs that remain in place, but risk management should continue to trump reward chasing. This is a bear market after all.



Now that the dollar has broken the downtrend that's been in place since 2002, Toddo warns we should be careful for what we wish. A higher dollar is equity negative through the big picture lens.



Now watch this! Toddo's focused on three things: the VXO and the red beans in the sea (read: stocks that aren't participating in today's rally), including Altria (MO), Sun Microsystems (JAVA) and Nokia (NOK), and crude.