BULL or BEAR ??
| Short term (1 week) | Notes |
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| -- All3 indexes are still healthy. -- Will Italy run into problem. Na… I don't think so. They have a Monti GOD! -- The threat from UUP is still quite limited. -- Watch out for VXX. Make sure it is not going to take out the resistance level of 76MA line. -- All sectors are coming to their resistance trend line. Correction is expected. -- Heavy data coming out. Expect volatility. -- Copper is still weak but USO is pretty strong. Painting a confusing picture. |
SPY (30 years monthly) chart:
Input:
- SPY is still healthy and strong.
- Still above its 20MA line.
Next Week Economic Data (1 week):
Input:
- Quite a number of data coming out next week on Tuesday, Wed and Thursday.
VXX chart:
Input:
- VXX is struggling in between the 18MA and 76MA lines.
- MACD is now touching each other.
SPY chart:
Input:
- SPY still remain healthy. Long term chart facing resistance at 47MA line.
DJIA chart:
Input:
- Daily chart of DJIA showing it has reach the short term resistance of the trend line. Expect it to retrace before it is able to advance again.
- Weekly chart shows that it is still healthy. It has taken the 12000 line again.
NASDAQ chart:
Input:
- Daily chart shows that NASDAQ is still healthy.
- Weekly chart shows that it is facing resistance at 47MA line.
UUP chart:
Input:
- UUP is still struggling in between 18MA and 47MA lines.
Sector Analysis:
Input:
- All sectors coming to the resistance of trend lines. Watch out for retracement or corrections.
Copper JJC chart:
Input:
- Daily Copper chart show weakness.
GLD and SLV charts:
Input:
- GLD and SLV are still strong and rallying.
Petrol and Natural Gas charts:
Input:
- Pretty big advancement of USO.
- Natural gas is another step closer to hell.
FXI (iShares FTSE / Xinhua China 25 Index Fund) chart:
Input:
- FXI is still healthy. Facing resistance from 123MA line.
Baltic Dry Index chart:
Input:
- Slight rebound on Baltic index.
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