BULL or BEAR ??
| Short term (1 week) | Long term (6 months) |
| -- Expecting a short term retreat. -- All 3 indexes are hitting against strong resistance. -- UUP has confirmed its up trend. | -- Hey… nobody cares what is the real problem with the economy. ;-) |
Next Week Economic Data:
Input:
- Expect volatility on Thursday and Friday.
- Earning season begin coming week. ----- Hu .. La…… La
VXX chart:
Input:
- Intraday chart show interesting gap down and the harami up from the lowest.
- Interesting up volume yesterday.
- Weekly chart still show a RED bar. Weekly volume is pretty high and MACD start to turn green.
SPY chart:
Input:
- Intraday SPY shows range bound and looks like loosing strength. However, recently too many "GOOD" news on GDP and Employment.
- Market keep on selling at the beginning of night and then buy back later half of the night.
- Long term chart seems to be hitting at the resistance line 127.50
- 20MA and 200MA line at long term chart is touching each other, preparing for bullish cross.
- Pay close attention to how it behave at this resistance line.
DJIA chart:
Input:
- Same like SPY, hitting against a strong resistance line.
- Watch how it turns (if there is any) carefully.
NASDAQ chart:
Input:
- NASDAQ is hitting at a pretty strong (I believe) resistance line. It is interesting to see how it reacts from here.
- Market is basically back to before crisis. It is just amazing that people think that everything has recover. Has it??
- All 3 indexes are against all time high.
UUP chart:
Input:
- Looks like UUP up trend is confirmed.
- Is the inverse relationship of stock market and UUP going to hold? Watch its relationship carefully.
- This could be the time to SHORT GLD.
Sector Analysis:
-NA-
Input:
- Running out of time!!!
GLD, SLV, Natural Gas and UUP charts:
Input:
- GLD and SLV looks like they are done!
- UNG posting good opportunity for LONG entry!
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