21st Feb 2011 – My Analysis

BULL or BEAR ??

 

Short term (1 week)	Long term (6 months)
-- Watch out for the VXX and UUP chart. They started to show sign that will rock the indexes. -- Coming week is data heavy week. -- There is no sign on DJIA, SPY and NASDAQ that indicate weakness. -- Weekly chart of indexes show no barrier in the short term. -- FXI down trend is still intact.	--

 

Next Week Economic Data:

 

 

Input:

 

1. A pretty heavy data week, especially on Thurs and Friday.

 

VXX chart:

 

 

Input:

 

2. There is sign up VXX picking up to near the 20MA line.
3. Not a very healthy sign for the bull,  but then need confirmation.

 

SPY chart:

 

 

 

Input:

 

1. No sign up weakness yet.
2. Weekly chart shows no barrier to stop the advancement of SPY.

 

DJIA chart:

 

 

Input:

 

1. Just unstoppable.

 

NASDAQ chart:

 

 

Input:

 

1. Same! Bull Bull Bull !!!!!

 

UUP chart:

 

 

Input:

 

1. Watch out! UUP is coming closer and closer to the multiple bottom line.

 

Sector Analysis:

 

 

Input:

 

1. All sectors show extended bull run. No sign of weakness. Market look pretty healthy.

 

GLD, SLV, Natural Gas and UUP charts:

 

 

Input:

 

1. FCG should be the one to follow, not UNG.
2. GLD and SLV are on the bull run again.

 

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

 

 

 

Input:

 

1. FXI down trend is still intact. Not broken yet.

 

Baltic Dry Index chart:

 

-NA-

 

Input:

 

1. -NA-