10th-April-2011–My Analysis

BULL or BEAR ??

 

Short term (1 week)	Long term (1 month)
-- Inflation is starting to become an issue. -- All 3 indexes are forming double top formation. Expect temporary weakness. -- Petrol broke up resistance. -- PPI and CPI data and retail data coming up. -- VXX is showing rebound at the double bottom.	-- Many big company going to report earning like GOOG and AAPL.

 

Next Week Economic Data:

 

 

Input:

 

1. Not much of data until end of the week.

 

VXX chart:

 

 

 

 

Input:

 

1. VXX is retesting its low and show sign of rebound.
2. This will be good for my Thursday's entry of DXD and FAZ.
3. TMF and MACD indicators are rising.
4. Previous few weeks of rallying volume was quite promising.

 

SPY chart:

 

 

 

Input:

 

1. SPY seems to face resistance at point 134.00
2. Intraday SPY shows curvy shape forming with 20MA and 50MA line doing bearish cross and now the point drops below 50MA line.

 

DJIA chart:

 

 

 

Input:

 

1. Intraday same like SPY. Curvy shape and with 20MA and 50MA line doing bearish cross.
2. Double top formation at the daily chart.

 

NASDAQ chart:

 

 

 

Input:

 

1. Same like SPY and DJIA.

 

UUP chart:

 

 

 

Input:

 

1. I guess I don't have to say anything about UUP. You should be able to see the trend here clearly.

 

Sector Analysis:

 

 

Input:

 

1. XLK and XLF are now block by 50MA line.
2. The rest of the sectors are now showing weakness.
3. Overall marker is still healthy.

 

GLD, SLV, Petrol and Natural Gas charts:

 

 

 

 

 

Input:

 

1. GLD and SLV just went wild.
2. Petrol broken through the resistance. A lot of upside for petrol to rally.
3. UNG is just a weird gas, however, it has a pretty safe entry now chart wise.

 

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

 

 

Input:

 

1. Still in its uptrend but is either turning or consolidating.

 

Baltic Dry Index chart:

 

 

Input:

 

1. No recovery seen yet.