8th Aug 2011–My Analysis

BULL or BEAR ??

 

Short term (1 week)	Long term (1 month)
-- Can anybody give me just 1 reason for me to put up the BULL photo? -- AAA rating got stripped in the weekend. Market is going to go tank like submarine on Monday. -- Thing is going to get really bad this week.	-- Debit ceiling, -- Job employment…. Etc.

 

Next Week Economic Data:

 

 

 

 

Input:

 

1. More data is going to make thing worst only.

 

VXX chart:

 

 

 

Input:

 

1. Amazing! Break through all MA lines is such a short time frame. Now only 200MA line is its resistance line.

 

SPY chart:

 

 

Input:

 

1. SPY looks like coming to the support line, but with the downgrade of USA rating, the support might not hold.

 

DJIA chart:

 

 

 

Input:

 

1. Similar to SPY

 

NASDAQ chart:

 

 

 

Input:

 

1. Similar to SPY.

 

UUP chart:

 

 

 

Input:

 

1. UUP is consolidating with the OBV and MACD turning into up trend.

 

Sector Analysis:

 

 

Input:

 

1. All of them breach MA lines.
2. Most of them either break trend line or coming to trend line.

 

GLD, SLV, Petrol and Natural Gas charts:

 

 

 

Input:

 

1. GLD and SLV is going to go wild.
2. Oil is going to tank further.

 

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

 

 

Input:

 

1. Looks like it is going to break down from its consolidation range.

 

Baltic Dry Index chart:

 

 

Input:

 

1. Nothing is interesting in Baltic yet. With such a bad market condition, don't expect anything from this sector.