SPY - bullish
XLF - neutral
USO - bearish
UUP - neutral
VIX - SPX neutral
A/D - not as bearish as i expected
ETFs - oil very weak, xlf relatively strong
Analysis: many charts, despite pulling back for the 2nd day in a row, still are bullish...support is held and until they are broken, the trend is still up...today got close to breaking many of them, but failed to do so...and as volume has been low, its kind of hard to say how strong the selling really was...the next big volume day will probably is a good indicator of the future...right now, i remain on holding status thinking the uptrend is still in place.
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