Tuesday, January 27, 2009

1/26 - Market Analysis (stage 4)

SPX - channel sideways


SPY - bullish


XLF - bearish @ resistance


USO - intraday support


VIX - bearish except 20ma


A/D


ETFs - energy up, financials down


Analysis: not much has changed...lighter volume and another sideways day..some charts looking bullish, some (financials) not...at this point a push up would end the sideways action while a down move will give us some more sideways unless we fall hard...its a boring scary time we are in...

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