Thursday, April 2, 2009

4/1 - Market Analysis

SPX - side


SPY - side


ETFs - got the right sectors leading


HEAT - pharma not participating


ISEE - more puts as the rally went higher...weird


Analysis: overall we got another bullish day after a very bearish open...therefore everything is looking neutral especially in the 30min charts...no real reason to go long or short til we have more clarity...maybe i am missing something but honestly, the charts are telling me that its unfavorable to open any trade lasting more than 1 day...maybe i'll play an intraday move tomorrow...but thats prob it...and ISEE...watch how the put volume went up as the rally continued...wonder if this hints that we will fall tomorrow...most likely a profit taking or sell on the news (of the uptick rule revision)...

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