Friday, March 27, 2009

3/27 - Market Analysis (stage 3)

SPX - bullish

SPY - trendline holding

DJIA - bearish


NDX - bearish


RKH - bearish


OIH - bearish


GLD - bullish


VIX - side


A/D


ETFs - energy great to short


HEAT - bearish (widespread profit taking?)


ISEE - holding steady



Analysis: things went as i thought with energy, financials, and every other chart at resistance...things are going as planned and yet i am long energy in my portfolio...haha...anyway...things are lining up and with one more day down, it will be a juicy time to start shorting...but for now, i still think its early...its a slight gamble and i prefer to just stay with the uptrend with SPX...but if we fall more, energy and financials gonna be best to short...most likely we will rally monday after a gap down or whatnot to make ppl stop worrying about the possibility of selloffs when the quarter starts again in april...but then by mid-week we should start falling big...

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