Tuesday, July 28, 2009

7/27 - stage 2b

slow moving...but still up


SPX - overbought bullish


SPY - doesn't want to fall, but rally slowing


RKH - bullish


VIX - bearish


ETFs - financials led


HEAT - mix


Analysis: VIX is the reason that i feel that this rally might be very close to being over...but there are still many signs that say that everything still is fine...its definitely bullish for the bears not even to get 5 or 10 points off of the DJIA...pretty pathetic showing..but i would also like to mention how the housing news was fantastic yet the markets didn't really react too bullishly. so maybe the bulls really are getting tired...

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