SPY - still higher highs and lows
COMPQ - no resistance yet
COMPQ 30 - bullish
RKH - sideways ready to breakout of the range
VIX - ???
ETFs - financials, xlb, and xle lead...just like the olds times when the rally was strong
HEAT - safety stocks lag...normal on an up day
Analysis: so easy just to keep doubting the trend...but its also so easy to see how strong the market is...its crazy...every pullback is met with some buying...dunno where all the demand is coming from but u have to respect it to survive in this environment...most bullish thing has got to be the bears...they are daytrading...they have no committment...today is one of the first times in above a week where financials led...thats bullish..also bullish is that oil is back at making higher highs and materials is following its lead...overall, its good to just stay bullish til we have some huge volume day that just bursted the bull bubble...so far though, no predictions of when that will come...
No comments:
Post a Comment