Saturday, June 27, 2009

6/26 - Market Analysis

Forecast - bullish picture is shaping up...but slowly


SPX - stage 3


SPY - slight bullish


COMPQ - bullish


RKH - side


UNG - side


VIX - SPX very bullish sign


A/D - bullish


ETFs



HEAT - mixed


Analysis: thinking the market is still confused but now leaning towards more bullishness before more bearishness. The most decided charts are COMPQ and VIX and they are decidedly bullish...other charts look bearish seen through my subjective eyes...so my unbiased opinion is that we are bullish at the moment...

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