BULL or BEAR ??
| Short term (1 week) | Long term (6 months) |
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Next Week Economic Data:
- More data at the end of week. Expect the Bull to continue at the start of the week.
VXX chart:
Input:
- The VXX chart is just too scary for the Bear.
- Long term indicators on the chart keep turning down and down.
- If VXX really means volatility, does this mean Monday we will see a strong Bull? I strongly think so.
DJIA chart:
Input:
- DOW still don't want to give up 11K point even on Friday.
- Unemployment report is out and market still cheer even though the data is ugly.
SPY chart:
Input:
- If Dow is not bending its head, SPY still has another 4 points to go before hitting 200MA line resistance.
- Long term SPY MACD Bullish.
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