Monday, December 15, 2008

12/15 - Market Analysis

SPX - neutral



SPY - neutral


XLF - neutral


USO - neutral, then bullish


UUP - bearish

VIX - neutral then bearish



A/D - bearish


ETFs - long materials and energy / short financials


Analysis: i went into today feeling very bearish...and as the day went on, i had more and more reason to hold my stance...but as SPY was unable to breakdown during the day but instead held on and forced a strong quick push up at the EOD to make an unconfirmed higher low, i felt the need to get neutral...the charts are labled mostly as neutral, but my gut says that these charts feel slightly more bullish than bearish...but definitely not bullish enough to trade...might just get more sideways action til january...

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