BULL or BEAR ??
| Short term (1 week) | Long term (1 month) |
| -- Expecting a rebound of all indexes especially at the beginning of week. -- Expect VXX to come down and retest its support line. -- UUP is dropping like crazy. -- Most sectors ETFs have shown rebound from their trend line. -- FXI up trend is not broken yet. | -- Libya is been attacked since weekend which will drive oil. -- Japan nuclear problem still not clear. -- VXX is already in up trend. Until it establish down trend, we have to respect it. |
Next Week Economic Data:
Input:
- Quite some data to be announced including GDP on Friday.
VXX chart:
Input:
- Libya air-strike began. Expected more volatility in coming week.
SPY chart:
Input:
- Down trend has got a strong support at weekly 20MA line.
DJIA chart:
Input:
- Support at 100MA line at daily chart.
- Resistance at 12,000 line.
NASDAQ chart:
Input:
- NASDAQ looks really weak. It is the weakest among all 3 indexes.
- 100MA line in daily chart has started to become resistance line.
UUP chart:
Input:
- UUP is going down to HELL !
Sector Analysis:
Input:
- Only XLK, XLU and XLY fall out of its support level. The rest rebound from its support line and look healthy now.
GLD, SLV, Petrol and Natural Gas charts:
Input:
- Gold and Silver bugs are not going to give up so easily.
- With the jet flying over Libya air space, USO might be rebound hard.
- Natural gas is looking pretty sweet and attractive.
FXI (iShares FTSE / Xinhua China 25 Index Fund) chart:
Input:
- FXI is still at its up trend even though it is weak.
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