Friday, January 2, 2009

12/31 - Market Analysis

SPX - side


SPY - side


XLF - side


USO - down


TNX - SPX bullish


VIX - SPX bullish


A/D - nice rally


ETFs - financials lead yet again


Analysis: got some more signals pointing to a possible breakout in SPX (uso, tnx)...but right now, its all unconfirmed...as tomorrow will be very light due to the holiday week, i don't expect anything but sidetrading to continue tomorrow...but look out for possible strength in oil and tnx and spx as they have the potential to breakout as early as next week as volume might jump back up to normal by then...as for now...happy new years! bye bye 2008.....welcome 2009

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