Tuesday, May 5, 2009

5/4 - Market Analysis

SPX - very bullish...broke resistance


SPY - beautiful channel...overbought??


XLF - going higher


RKH - here's the reason for the bullishness


USO - bullish


VIX - SPX bullish


ETFs - financials out of the hole...



Analysis: what can i say...every indicator and chart pattern that i was looking at turned bullish today..most important is 30 min chart of RKH...the breakout was huge...but now that we overextended ourselves to even get out of the SPY channel...i feel we can settle side or down the next few days before heading higher...but very good chance we will keep going higher...

No comments: