Thursday, December 11, 2008

12/11 - Market Analysis

SPX - neutral


SPY 30" - neutral


SPY 5" - neutral


XLF - neutral


USO - bullish


UUP - bearish


VIX - neutral


A/D - neutral bearish


ETFs - XLF back to being the laggard..no surprise there...watch XLE and XLB's relative strength increase...definitely sector rotation going on...


Analysis: i ain't one to be patient and loving it...it sucks to be sideways markets...but thats what we have and thats how i have to be...only exciting note is that dollar is breaking down so this can leave some nice continued rally in the commodities if the indexes don't screw it up...if it does, financials are still the best to short...

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