1st Aug 2011–My Analysis

BULL or BEAR ??

 

I am running out of time again this week to do my analysis. This is a quick one!

 

Short term (1 week)	Long term (1 month)
-- Not much data coming up, except the BIG DEBT announcement. -- VXX suddenly turn negative while all indexes are still going down.	-- The debt problem will not be going away.

 

Next Week Economic Data:

 

 

Input:

 

1. Not much data coming up.

 

VXX chart:

 

 

Input:

 

1. Indexes are going down but VXX suddenly turn negative. Unbelievable !!!
2. 100MA line acts as a resistance line.

 

SPY chart:

 

 

Input:

 

1. SPY came down  and touches trend line. Expecting a short term rebound first.

 

DJIA chart:

 

 

 

Input:

 

1. Similar to SPY.

 

NASDAQ chart:

 

 

 

Input:

 

1. NASDAQ is much stronger compare to SPY and DJIA. It still hold above its 20MA line.

 

UUP chart:

 

 

Input:

 

1. UUP is still getting weaker.

 

Sector Analysis:

 

 

Input:

 

1. Can't comment much.

 

GLD, SLV, Petrol and Natural Gas charts:

 

 

 

 

 

 

Input:

 

1. GLD has reached the peak of its trend line now. Safe point to do SHORT.
2. Intraday SLV shows weakness. 20MA and 50MA lines doing a BEAR crossing. Now both MA lines act more like resistance line.
3. Daily chart of SLV shows that it touched previous high of $40.50 and started to correct.
4. USO is still weak. Its 20MA line continues to act as resistance line.
5. UNG continues to get weaker and weaker. Now its 20MA line is resistance line.

 

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

 

 

Input:

 

1. FXI came back up from its 200MA line and now retest its uptrend line.
2. Long term wise be very careful, all the MA lines are curving in. Not good in long run.

 

Baltic Dry Index chart:

 

 

 

Input:

 

1. -NA-