Wednesday, December 17, 2008

12/16 - Market Analysis

SPX - bullish


SPY - bullish


XLF - bullish


USO - bearish, then bullish


UUP - bearish


VIX - bearish, SPX bullish


A/D - bullish


ETFs - materials are best for bullish sectors


Analysis: charts point to a continued move up...volume confirms it...best sectors to go long would be materials and energy (once oil stops dropping)...XLF was the leader but since it was the laggard, i would avoid it for a long...

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