BULL or BEAR ??
| Short term (1 week) |
| -- Overall after such a big drop over the world, I am still bullish and this might be another entry opportunity. -- Oil up, silver rally, Gold rush up. -- Watch out for the indexes reaction tonight. It will tell you whether you should run or stay. -- Again, the stock market don't really care about Libya. You saw it happened to Egypt just days ago. |
What happened:
Input:
- The riot in the Libya and the downgrade of Japan by Moody.
VXX chart:
Input:
- There were similar pattern like this before. So is this just another spike that will die off quick?
SPY chart:
Input:
- Up trend line and the 20MA line are still intact. Don't get too emotional yet.
DJIA chart:
Input:
- DJIA looks just fine. Watch for rebound tonight. If that happen, that will be a +ve sign for the market.
NASDAQ chart:
Input:
- 20MA line broken in the daily chart, but up trend line is still intact.
- A double top correction for NASDAQ.
FXI (iShares FTSE / Xinhua China 25 Index Fund) chart:
Input:
- China stock looks a bit at dangerous zone. Follow closely with FXI because it can be a leading indicator of what to come next.
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