Monday, June 8, 2009

6/8 - Market Analysis

SPX - light volume doji


SPY - triangle yet again


DJIA - super low volume


RKH - side still


UNG - side triangle


VIX - resistance


ETFs - financials relatively strong all day


HEAT - financials lead but all and all mixed


Analysis: another mixed day...only difference is that the volume was even lighter...lightest volume of the year...hard to say where it would go...would have been easier if we just stayed at the lows today...but instead we have doji at resistance...i guess its still safer to be bullish than bearish...just hope we don't stay rangebound on light volume for the rest of the week...

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