- consoldation day...
- more likely up from here
NDX
- same as SPX
- support still there
- looking good to retest resistance
RKH
- holding on at the support line
- possible bounce coming
VIX
- looking like consolidation to me...
- expecting it to drop
- watch out options traders
A/D
- stats actually are more bullish than i expected
- hints to today as a bullish consolidation despite major indexes down
Analysis: i'm trying to super simplify my analysis and only seeing things at base value instead of mixing in too much news and psychology. overall, i think the supports in the markets will hold and that friday was just a bullish consolidation...therefore at this level, i am looking at things to buy than sell...when scanning charts, i see that many stocks are in the process of making 2x bottoms...some even are confirmed...
Sectors:
best - xme, kol, xlb, xle, dba
worst - fxi, slv, tan, gld, oih
therefore, i would say to keep looking for commodity stocks for possible confirmed 2x bottom patterns...
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