Tuesday, January 6, 2009

1/6 - Market Analysis

SPX - bullish


Spy - bullish


RKH - bearish


USO - bearish


DBC - bull > bear


FXE - dollar bearish


A/D - bullish

ETFs - can commodities keep leading?


Analysis: i think its a bad time to be investing in the market...it does seem more and more certain to me every day we have a sidetrend that its a pure stock picker's market...as i see the huge moves in some sectors and individual stocks (mainly commodities related), i see how much potential can be lost in the consolidation phase of a bear market if u continue to look for trades based on SPX and not just on individual chart patterns...john bollinger was on at the 2nd hour of closing bell and said that he is optimistic on stocks in 2009 but not the market...he said something that made little sense to me until a few moments later...he said something like "there are times when its a market of stocks..and others when its stocks in a market"

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