Friday, January 15, 2010

1/15 - stage 3b

SPX - stuck in range, support from trendline


SPY - rectangle...good chance to go higher but not much higher


XLF - near support...no bounce like spx...a laggard


UUP - bounce scared investors...but strong resistance above


VIX - symmetrical triangle now...thinking it will sidetrade


ETFs - bearish sector rotation as defense still doing best and materials and financials are worst...near a top is hinted

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