Tuesday, April 20, 2010

4/20 - stage 3b

2m : side

SPX - i see resistance



SPY - side


OIH - above resistance..bull


JJC - resistance..weak


VIX - support should hold

Monday, April 19, 2010

4/19 - stage 1a

2m: bearish...


SPX - trendline support



SPY - resistance still


IWM - still downtrending


XLF - resistance strong


NYMO - bearish ( i am surprised!)


VIX - bullish


ETFs - financials and commodities on opposite sides of the spectrum...one has to give...i think...(dollar still strong btw)

Friday, April 16, 2010

4/16 - stage 4a

2m: bearish

SPX week - first down week in a long time



SPX - big selloff breaks trendline on huge volume


SPY - GS news caused panic selling but bounce from support


XLF - below resistance...weak


JJC - big breakdown is bearish


VIX - out of the hole...


HEAT - amazing how red this is...been a long time since i've seen this

Thursday, April 15, 2010

4/15 - stage 2c

2m: bull side


SPX - volume coming back...dunno if thats a good thing or not for bulls


SPY - some resistance for tomorrow...weak though

DIA - no resistance at all


UUP - maybe this will ruin the party


VIX - another triangle in the VIX...every week it seems...

Wednesday, April 14, 2010

4/14 - stage 2b

2m: very bullish


SPX - bullish on very good volume



SPY - bullish


RKH - back to the bulls...but overbought so prob consolidate soon


USO - even oil bullish


VIX - not a new low though...this is bearish divergence


NYMO - bottom reversal to higher high...


HEAT - bullish all around but financials all lit up

Tuesday, April 13, 2010

4/13 - stage 3a

2m: slightly bullish..indecision overall though


SPX - closing at highs is good...but no real move


SPY - resistance? 2x top possible...lets see what happens tomorrow...dipping below 30ema makes us less bullish


QQQQ - got to a new high..bullish for spx


RKH - lower high? not for sure but definitely a laggard today


USO - strong resistance on a downtrend


VIX - head and shoulders possible...this is bearish

Monday, April 12, 2010

4/12 - stage 2b

2m: bullish


SPX week - 5th wave, but dunno where can the top be



SPX - channel resistance going to be important?


SPY - another new high


UUP - very weak...but why commodities weak too??



USO - strong level of support, but lagging vs market


JJC - slightly below support...bearish divergence


VIX - new low...headfake?


VIX 30min - breakdown strong...bullish