Wednesday, April 15, 2009

4/15 - Market Analysis

SPX - still bullish


SPY - bullish


OIH - resistance


ETFs - financials lead


HEAT - only bottom half of table bullish..to be specific, only finacial sector as a whole strong


Analysis: trend seems to be running out of steam...but its definitely still not safe to short...the bulls will push it higher..maybe at an even more slower pace than we just had...i really think we will hit resistance then fall lower...to a pullback point or to new lows i dunno...but for now, i think we will rise a lil more...with the 30min chart intact, there is no reason to short the market..

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