Thursday, July 9, 2009

7/8 - Market Analysis


SPX - bearish


SPY - bearish


COMPQ - bearish


XLF - bearish


OIH - huge volume...end for the fall?


GLD - bearish...why?


VIX - resistance


ETFs - financials finally follow the fall


HEAT


Analysis: hmm...bearish...but starting to see signs that maybe we are too oversold and ready for some consolidation or pullback...OIH and VIX are the biggest signs of this for me...won't be surprised to have a good rally tomorrow...but definitely not the time to go long though...stay short if short...

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