Friday, April 3, 2009

4/2 - Market Analysis

SPX - cannot close higher


SPY - healthy pullback


NDX - bullish


RKH - laggard, but still uptrending



HEAT - only health lags


ISEE - bearish divergence



Analysis: so strong but without financials...possibility that this is the end of the rally...but as indexes are still uptrending and tech just keeps getting stronger, its better to look for a long opportunity than a short one at this moment...definitely obvious but i gotta ask...isn't it funny how the mark to market rule changes are supposed to help out financials the most, yet they lagged and fell negative even intraday?

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