Wednesday, May 19, 2010

5/19 - stage 4c

2m - bearish

SPX - very possibly the end of selling for now..but need confirmation



SPY - big reversal but still unable to break above any resistance


RKH - bearish but doji can mean reversal with confirmation tomorrow


FXE - some strength..if above resistance, its confirmed


NYMO - pretty oversold territory right now...near time for the bottom buyers to step in


ETFs - financials and materials strongest..this is what bulls like to see


WORLD - weird to see how japan and european stocks are the gainers...guess they will lead us higher if we go higher...

No comments: