Tuesday, November 1, 2011

Market Analysis - 11/1 - bullish (hold)

SPX weekly - 2011 was bust


SPX - still on trend to go higher


SPY - still in channel




DIA - on trend



QQQ - nearing the highs....


IWM - hit the very old strong support last week...very important chart


VIX - think it is just a failed test of the breakdown..bullish


FXY - breaking down which is bullish for SPX


Wow...its been weeks, no months since i last did a market analysis..damn...its been too long...i am definitely rusty...i want to trade again...but i am not ready...need to start back slowly...first with market analysis to get a feel of the markets, then combine that with daily chart scans...hopefully get all this back on track within the next week or 2...can't waste more time...already wasted the last month's biggest gain in decades....

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