Friday, May 22, 2009

5/22 - Market Analysis (stage 1)

SPX Weekly - resistance


SPX - support


SPY 30 - side


RKH - support


UUP - support


VIX - resistance


ETFs


HEAT - money out of financials and confused in other sectors


Analysis: Confusion i think is the main theme...feel that we will just go sideways these next couple days unless we somehow get a surprise and shoot below support. Looks more likely that after this consolidation phase that we will go lower but for now, its still very tough to step in front and short the hell out of the market as we still haven't made a lower low yet...

No comments: