- trendless...holding support. no clear buy or sell signals...
- slight hints that with the volume indicator, we might rally slightly soon
NDX
- resistance very close
- held support
RKH
- stays below resistance and is holding the 62% retracement
- dunno where it will go but trend is still down
VIX
- fell back from after nice intraday gains
- now made a lower high?
- bearish candle...i think it will fall
USO
- still within the channel
- some strength as it rallied even though spx was down all day
A/D
- this shows that today's higher close is bullshit
- nothing bullish here to me..
analysis: trend is still down and is now slightly more neutral but still safer to stay short than go long...overall though, with no trends in anything and support and resistance nearby, i would say that its good to just stay sidelined...
sectors:
best - oih, xle, eem, xlu, uga, xlk
worst - tan, xhb, xme, kol, gdx
overall...random on strong and weak...seems as though the only rally was just ppl thinking bullish on oil...while all other commodity stocks get left behind...no favored sectors here...
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