Friday, July 16, 2010

7/16 - stage 4a

bearish

SPX - trendline resistance on bigger volume...think we will make a higher low from this..just dunno how much further we can fall...


SPY 30 - bearish


SPY 10 - wow...just fell straight into the close


DJIA - big candle after a couple of side days



USO - not much movement..kind of side still


JJC - breakdown..bearish


VIX - higher high but closed below 30ema...weird as the market fell hard all day


NYMO - can fall to the prior support or more..definitely was overbought...feel maybe we will make a higher low not breakdown all the way on SPX



ETFs - financials lagged


bubbles - everything weak but a few



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