Thursday, July 1, 2010

7/1 - stage 4b

bearish still


SPX - reversal candle today on big volume...need confirmation tomorrow


SPY 30 - still in healthy stage 4 trend...big vol all day though


SPY - retraced 50% of the move down thus far and stopped



DJIA - looks maybe too little too late...volume not normal for summer...something is going on


XLF - still bearish...volume also suggests that maybe today was just profit taking bounce...dead cat


UUP - biggest mover were FXE and UUP...can this be all it takes to push market higher??


VIX - stuck at oversold levels at 30ema...lets see if it can bounce once again to new highs


NYMO - didn't move much...dunno what to make of it but indecision

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