Saturday, July 11, 2009

7/10 - Market Analysis

unexciting, sidetrading...just remember that bears are the ones in control nonetheless


SPX - bearish


SPY - side


RKH - side


OIH - pullback to resistance


GLD - bearish


VIX - no reversal yet


ETFs


HEAT - mixed


Analysis: hmm...definitely just a stall these past few days...getting a near meaningless pullback in some stocks and most everything still looks bearish...feeling is that we will fall more and bears and giving the bulls a chance to pullback before dropping the market once again...but bulls are too scared to even give us a good pullback...trend is down so just act accordingly...

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