Thursday, December 4, 2008

12/4 - Market Analysis

SPX - neutral


SPY - bearish


XLF - neutral


USO - bearish


VIX - neutral


A/D - bearish


ETFs




Analysis: neutral all the way...thought we had a chance to add to the gains later in the day, but the big fall killed all chances of that...now i am feeling that a fall is more likely than a rise..if we rise tomorrow, it will just confuse me even more as it will probably mean more sideways action...which i hate! nevertheless, without a confirmation on either side yet, i have no predictions...but i do think that tomorrow can be a buy the news thing...selloff today expecting bad job numbers so when they come out, we might rally...

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