BULL or BEAR ??
Short term (1 week) | Long term (1 month) |
-- Every sector is doing pretty well. -- Don't think that FED is able to do much on the interest rate. -- Libya and Japan problem seems to quite down again. -- FXI is doing pretty well. China is not really a threat now. -- VXX is testing its low again. If it break down the low, we might be seeing GREAT BULL run again. -- Petrol is testing its upper trend line again. | -- If FED tilt the market on Tuesday, the whole picture might change overnight. Other than that I don't see much reason how BEAR can attack the market. -- Market don’t really care about Libya and Japan problem. Warren Buffett also said Japan is a good investment now. -- A temporary lower indexes are expected since they are forming double top formation. |
Next Week Economic Data:
Input:
- Watch out for Tuesday FOMC. I think that is the only one that can tilt the market. Other than that I think nothing much to worry about. Inflation could be the keyword for FOMC this round.
VXX chart:
Input:
- Market can be very volatile this week.
- VXX is at low again.
- FOMC on Tuesday 2:00am
- If VXX goes below 28.00, we could be seeing anther BIG BULL market ahead.
SPY chart:
Input:
- SPY is testing its previous March high again.
DJIA chart:
Input:
- DJIA is testing its previous high of 12,400 point again.
- It looks like a double top formation, however, be extra careful because this second top came really quickly.
NASDAQ chart:
Input:
- Same like SPY, this NASDAQ is testing its March top again.
UUP chart:
Input:
- The downtrend of UUP is still intact. Don't think that it is going to come back up in short near future.
Sector Analysis:
Input:
- Every sector seems to be quite healthy.
GLD, SLV, Petrol and Natural Gas charts:
Input:
- Gold and Silver never want to rest.
- Natural gas looks pretty good for long position.
- Petrol USO is testing its upper trend line again, expect it to break through it in just one or two days.
FXI (iShares FTSE / Xinhua China 25 Index Fund) chart:
Input:
- China index is very healthy.
Baltic Dry Index chart:
Input:
- Not much of an improvement on the shipping area. Stay far far away.
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