16th Oct 2011–My Analysis

BULL or BEAR ??

 

** I have decided to change the format for my Market Analysis Page to this new format.

-- to include the 30 years SPY, DJIA and NASDAQ charts.

-- to predict only the next one week move.

-- to include the Dr. Copper.

 

Short term (1 week)

Notes

--SPY, DJIA and NASDAQ have all overtake its 20MA line for 30 years chart, incredibly. -- However, all 3 indexes MACD is doing bearish cross. -- Unemployment high, USA and Europe debt all seems like not a problem. -- Market seems to like the protest that is going on world-wide. -- Looking at the way VXX is falling, there are still room to drop which means there are still room for the bull to run. -- Baltic dry index continue to rally. -- FXI is testing its strong resistance line now.

 

SPY (30 years monthly) chart:

 

 

Input:

 

1. Incredibly, the 30 yrs SPY chart overtake the 20MA line, which is definitely a bullish indication.
2. Does that mean history for "1" and "2" will not happen?
3. Should I wait till the end of month before I know the truth of the direction?

 

DJIA (30 years monthly) chart:

 

 

Input:

 

1. Incredible! Overtake 20MA line.

 

NASDAQ (30 years monthly) chart:

 

 

Input:

 

2. Incredible! Overtake 20MA line.

 

Next Week Economic Data (1 week):

 

 

Input:

 

1. Quite a number of reports coming up with Ben's face too.
2. Could well be a volatile week.

 

VXX chart:

 

 

 

Input:

 

1. Fall through 20MA and 50MA line for daily chart.
2. Weekly chart shows that the next support line is at around 40.oo and a much stronger support is at around 36.00

 

SPY chart:

 

 

 

Input:

 

1. Weekly chart shows that it is approaching the 20MA line resistance which is 123.
2. Daily chart shows that it seems to have overtake the high side of the rang-bound.
3. The rally was impressive.

 

DJIA chart:

 

 

 

Input:

 

1. Daily chart shows that it has reached the upper band of its range-bound and is more likely to overtake the resistance.
2. Monthly chart shows that it is now facing resistance from 20MA line.

 

NASDAQ chart:

 

 

 

Input:

 

1. NASDAQ chart is the most impressive among all 3 indexes.
2. It is now facing 200MA line at its daily chart and 50MA line resistance at weekly chart.

 

UUP chart:

 

 

 

Input:

 

1. Quite a drop for UUP in a week.
2. Next support line is at $21.60 and $21.50.

 

Sector Analysis:

 

 

Input:

 

1. XLK is the best performer.
2. Quite a mix pictures. Some have overtake their resistance and some are still been bounded.

 

Copper JJC  chart:

 

 

Input:

 

1. Copper has rebounded and now retesting the 500MA line.

 

GLD and SLV charts:

 

 

 

 

 

Input:

 

1. GLD rally back with below average volume.
2. Daily chart shows that it is now sitting on the daily 20MA line but reaching the resistance line of $165.00.
3. Daily chart shows that SLV is facing resistance from 20MA line at $32.00.
4. Weekly SLV chart also shows that there is a resistance line at $32.00 too.

 

 Petrol and Natural Gas charts:

 

 

 

Input:

 

1. USO has rallied together with the market.
2. UNG is retesting its daily 20MA line.

 

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

 

 

Input:

 

1. FXI has rebounded well and now reaching the resistance line of $35.00 and 50MA line.

 

Baltic Dry Index chart:

 

 

Input:

 

1. The rally of Baltic does have legs.
2. There is nothing that I can find to support the rally of the stock market except this one.