BULL or BEAR ??
| Short term (1 week) | Long term (6 months) |
| -- There is no sign of BEAR at all. -- There will be a lot volatility in coming week with Helicopter Ben announcing interest rate. However, there is nothing much Ben can do. So the market can just keep on their BULL move easily. | -- Long term SPY chart has shown that 20MA line has crossed up 50MA line which is a long term buy signal. -- NASDAQ index is not showing any sign of stopping. |
Next Week Economic Data:
Input:
- A lot of data coming out the entire week.
- Interest rate announcement on Tuesday. FED cannot do anything other than stay the same rate figure. Maybe that is why market has no fear and Friday index still go up.
- Is Helicopter Bernanke going to announced QE3? *that will be interesting*
VXX chart:
Input:
- RSI in daily chart might be indicating something. However, candlesticks look like it is still going down.
- MACD at the long term chart might indicating something also. Again, there is no confirmation yet.
SPY chart:
Input:
- Long term SPY chart shows that SPY has bounced up from 200MA line and now has reached another high.
- 20MA has crossed up 50MA line and this is actually a long term BUY signal.
- Watch and see how it can break up the resistance line. Watch carefully how MACD and RSI line work out.
DJIA chart:
Input:
- DJIA is the only one index with very clear resistance line. However, don't under estimate the bull.
NASDAQ chart:
Input:
- Nothing is stopping NASDAQ.
UUP chart:
Input:
- UUP up trend is confirmed.
- Carefully watch the relationship between UUP and DJIA. They are supposed to be inverse relationship, but not very clear.
Sector Analysis:
- I am running out of time.
Input:
- NA
GLD, SLV and UUP charts:
- I am running out of time!
Input:
- NA
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