Wednesday, December 10, 2008

12/10 - Market Analysis

SPX - neutral


SPY - neutral


INDU - neutral


XLF - neutral


USO - slight bullish


UUP - neutral


VIX - neutral


A/D - neutral


ETFs - XLF lagged...bearish SPX


Analysis: most charts are on the cusp of breaking down or breaking out. straddling important levels right now...therefore my analysis almost fully neutral...as much as i hate to say it, i am biased towards no direction right now. i got into a small long position earlier today only to see me exit premature because i didn't like the action intraday...but in the end of the day, i feel better knowing i am holding nothing...

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