04-April-2011–My Analysis

BULL or BEAR ??

 

Short term (1 week)	Long term (1 month)
-- Every sector is doing pretty well. -- Don't think that FED is able to do much on the interest rate. -- Libya and Japan problem seems to quite down again. -- FXI is doing pretty well. China is not really a threat now. -- VXX is testing its low again. If it break down the low, we might be seeing GREAT BULL run again. -- Petrol is testing its upper trend line again.	-- If FED tilt the market on Tuesday, the whole picture might change overnight. Other than that I don't see much reason how BEAR can attack the market. -- Market don’t really care about Libya and Japan problem. Warren Buffett also said Japan is a good investment now. -- A temporary lower indexes are expected  since they are forming double top formation.

 

Next Week Economic Data:

 

 

Input:

 

1. Watch out for Tuesday FOMC. I think that is the only one that can tilt the market. Other than that I think nothing much to worry about. Inflation could be the keyword for FOMC this round.

 

VXX chart:

 

 

Input:

 

1. Market can be very volatile this week.
2. VXX is at low again.
3. FOMC on Tuesday 2:00am
4. If VXX goes below 28.00, we could be seeing anther BIG BULL market ahead.

 

SPY chart:

 

 

Input:

 

1. SPY is testing its previous March high again.

 

DJIA chart:

 

 

Input:

1. DJIA is testing its previous high of 12,400 point again.
2. It looks like a double top formation, however, be extra careful because this second top came really quickly.

 

NASDAQ chart:

 

 

Input:

 

1. Same like SPY, this NASDAQ is testing its March top again.

 

UUP chart:

 

 

Input:

 

1. The downtrend of UUP is still intact. Don't think that it is going to come back up in short near future.

 

Sector Analysis:

 

 

Input:

 

1. Every sector seems to be quite healthy.

 

GLD, SLV, Petrol and Natural Gas charts:

 

 

 

 

 

Input:

 

1. Gold and Silver never want to rest.
2. Natural gas looks pretty good for long position.
3. Petrol USO is testing its upper trend line again, expect it to break through it in just one or two days.

 

FXI (iShares FTSE / Xinhua China 25 Index Fund) chart:

 

 

Input:

 

1. China index is very healthy.

 

Baltic Dry Index chart:

 

 

Input:

 

1. Not much of an improvement on the shipping area. Stay far far away.