Tuesday, December 23, 2008

12/22 - Market Analysis

SPX - neutral


SPY - bearish


XLF - bearish


VIX - SPX bullish


A/D - bearish


ETFs - XLF weak today but strong last 5 days...


Analysis: honestly, today didn't do much..felt much more boring and insignificant than the tape suggested...psychology and my boredom aside, today made my charts slightly more bearish...especially the 30" chart of SPY...might still just be a very short pullback before a big rally up...but for now, things are no longer as bullish as before...i am very close to neutral without any bias at the moment...its the frustrating time where patient trader do nothing and wreckless ones gamble and blow their accounts...i'll do my best to stay focused but it damn tough when everyone's on vacation and volume is superlight.

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