BULL or BEAR ??
| Short term (1 week) | Long term (6 months) |
| -- All indexes pointing to a higher chances of bull move. -- Not much data on tap, but careful on the jobless claim. | -- The debt problem and the Moody comment. Well… -- Gold is all time high again. This shows you in very long term, market is going to be hit heavily. |
Next Week Economic Data:
Input:
- I am really running out of time this week. This time it is going to be short and missed a lot of data.
- Not much of data this week, but watch out for the jobless claim.
VXX chart:
Input:
- Long term weekly chart of VXX is still below 20MA line.
- Daily chart shows that it is sitting on the 50MA line. Watch out for a possible rebound.
SPY chart:
Input:
- All SPY, DJIA and NASDAQ long term chart indicate the same setting. All of them are sitting on the long term 20MA lines.
- Weekly wise, all of them are having minimum weekly correction.
- All their daily charts show that all of them having support from their 20MA, 50MA and 100MA lines. This is very encouraging for the bull.
DJIA chart:
Input:
- Similar to SPY.
NASDAQ chart:
Input:
- Similar to SPY.
UUP chart:
Input:
- Long term UUP dropped below its 20MA line again.
Sector Analysis:
NONE
Input:
- None.
GLD, SLV, Petrol and Natural Gas charts:
NONE
Input:
- None.
FXI (iShares FTSE / Xinhua China 25 Index Fund) chart:
NONE
Input:
- None.
Baltic Dry Index chart:
NONE
Input:
- None.
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