Wednesday, December 17, 2008

12/17 - Market Analysis

SPX - bullish


SPY - bullish


XLF - bullish


USO - unconfirmed bullish


FXE - bearish dollar, bullish commodities


VIX - SPX bullish


A/D - neutral


ETFs - Rotate out of utilities and into Healthcare


Analysis: charts took a healthy pullback today. resistance on the 30" chart worries me slightly, but as long as we keep the trend of higher highs and lows, i feel confident in this rally. the numbers today was actually supposed to be a total 0-sum day, but somehow in the last few minutes we had a selloff for a few minutes...but overall, i call today a pause day...

No comments: