Monday, December 29, 2008

12/29 - Market Analysis

SPX - neutral


SPY - neutral (but under 5day ema)


XLF - neutral


USO - lil bullish


UUP - dollar bearish


VIX - neutral


A/D


ETFs - energy leader of the day


Analysis: sideways trending continues...big move down then followed by a nice size move up to recover most of the losses...overall, things were weak except for gold / silver and oil (EOD rally)...these are the sectors i am looking into for possible longs if SPX can stay within this range and not breakdown...as a fun prediction, i would like to see a nice rally now til end of febuary before a huge fall in febuary that will finally mark the bottom

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