BULL or BEAR ??
| Short term (1 week) | Long term (6 months) |
| -- There is basically "nothing" that comes to stop the rally. -- VXX has no sign of bottom yet. -- Watch out for all time high NASDAQ. -- SPY could be in progress of forming a head-n-shoulder if you look at it from helicopter point of view, but even that, it has a long way to go up before the right shoulder is formed. -- UUP still has some time before it comes to form a multiple bottom. -- Many sectors have poke through its uptrend line upward. -- GLD still embarked on its downtrend while SLV could follow with a possible head-n-shoulder formation. -- FXI is somehow at a critical junction. Friday's USA rally should help to rally FXI market. -- Murbarak from Egypt stepping down. -- UNG is the weird one. What a toxic gas. | -- From now on, I think I will this column blank. -- So far, I don’t think this column helps me. It does not do any harm, but….. |
Next Week Economic Data:
Input:
- A bit of important data coming out. Expect a bit of volatility in the middle of week.
VXX chart:
Input:
- The VXX chart looks really crazy, but you just have to accept it. You have no idea how low can it still go.
SPY chart:
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- What a BULL market.
DJIA chart:
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- Very Bullish.
NASDAQ chart:
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- NASDAQ is hitting an all time high. What is it going to bring us to?
UUP chart:
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- UUP down trend is still intact. Watch out for multiple bottom formation.
Sector Analysis:
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- Many sectors have gone beyond its uptrend line.
GLD, SLV and Natural Gas charts:
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- GLD's rebound is not as hard as SLV.
- GLD has not overcome its Head-n-Shoulder downtrend yet.
- SLV looks like forming a Head-n-Shoulder pattern.
- SLV is one step slower than GLD, so if GLD had completed a Head-n-Shoulder, SLV should be taking the similar step.
- UNG -- What a TOXIC gas. Coming for a double bottom. Read this article from FORTUNE http://money.cnn.com/2011/02/11/news/economy/chesapeake-natural-gas-shakeout.fortune/index.htm
FXI (iShares FTSE / Xinhua China 25 Index Fund) chart:
Input:
- FXI looks like still in down trend.
- Is it in a Head-n-Shoulder pattern?
Baltic Dry Index chart:
-NA-
Input:
- -NA-
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