Wednesday, December 24, 2008

12/24 - Market Analysis

SPX - neutral


SPY - neutral


XLF - neutral


USO - bearish


UUP - bearish


VIX - bearish, SPX bullish


A/D


ETFs - boring month...financials strong, energy weak


Analysis: Many will look back at this year and call it the lost year...some are already thinking this will be the lost decade...when zooming in on the current stock market environment, i can't help but declare that this December is the lost month...just when i thought that my new and improved trading system was gonna be great, we go and have the longest sidetrend in years...its been totally horrible...i can't see anybody able to feel confident about placing many trades during this time. january will be crazy...but the rest of this month will just remain dead... vacation time for the rich and boredom for the slaves of the market...where the hell did the year go? too fast and too painful for too many...

No comments: