Saturday, May 2, 2009

5/1 - Market Analysis

SPX Weekly - possible that the end is here


SPX - resistance


SPY - uptrend


DJIA - decreasing volume


COMPQ - very bullish


RKH - trading range


VIX - downtrend, SPX up


ETFs - financials lagged last 5 days


HEAT - financials and services are weak


Analysis: still in a slow moving range...thinking that RKH breakdown or breakout will be the first sign of what the future holds for SPX...on one hand we have a weakening of buyers in DJIA and on the other hand, we have super strong buyers in COMPQ...who will win? or maybe they will just unhinge...hard to say...

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