NYMO - back to full neutral
SPX - closed above resistance...good
TLT - showing strength today though..not good for bulls
VIX - shows that it again did not fall much and maybe ready to resume higher
XLK - what worries me most is seeing so many charts like this...basically a textbook pullback to breakdown levels and very likely this deadcat bounce is over and we drift lower monday
i have to stay bullish and we only have hints at a possible strong resistance from the breakdown level in some important charts...as we are still are probably cheaper than the stocks are worth, i think we can still go higher...but definitely a time to also look to the short side...
No comments:
Post a Comment