Saturday, June 13, 2009

6/12 - Market Analysis (stage 3)

SPX week - decreasing volume


SPX - resistance


SPY - breakout or fakeout?


RKH - side


UUP - bearish pullbacl


VIX - support? don't think so yet


ETFs - no idea why utilities so strong lately


HEAT - mixed


Analysis: hard to say whats going on...SPY's 30 chart best demonstrates my feelings towards the market...basically we can go either direction...i think this week will show a lot on what will happen...unless of course we just trade sideways like we did all of last week...volume will probably continue to be light but i have a good feeling that this week is gonna have better moves than the last week as RKH needs to breakout soon...

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