Thursday, April 9, 2009

4/8 - Market Analysis

SPY - side


QQQQ - bullish


RKH - bearish


VIX - SPX bullish


ETFs - rally without the financials


HEAT - in fact, not the whole financial sector lagged...just some of its components


Analysis: overall...its just a boring week...should remain that way tomorrow on even lighter volume...watch for the resistance areas as a breakout might surprise us with a huge fast rally before the holiday weekend...i doubt it but i also think its best to always be prepared...

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