SPY - bullish
XLF - side
USO - bullish
UUP - bullish
VIX - SPX bullish
A/D - neutral
ETFs - energy strong, financials weak...
Analysis: natural temptation is go go long the market and hold on until support is broken...but from looking at the charts, seems best to wait for consolidation to end and buy when it gets very near the support as that will give the best risk / reward trade...energy remains the best long plays out there...the dollar does make me question the rise in commodity prices though
No comments:
Post a Comment