BULL or BEAR ??
| Short term (1 week) | Notes |
| | -- All 3 indexes are all healthy either in weekly or monthly chart. -- However, VXX is coming to a possible double bottom. As a result, pay close attention to the turning point. -- FXI is coming to resistance line. -- Shipment Baltic is going to straight to hell. -- All sectors are reaching top trend lines, retracement will not be a surprise. -- UUP is still in the long tern down trend which is good for the market. |
SPY (30 years monthly) chart:
Input:
- Very strong bull market! The value has successfully overtook the trend line resistance.
Next Week Economic Data (1 week):
Input:
- Not much data in coming week. Should not be too volatile.
- Ben would like to speak for two times!
VXX chart:
Input:
- VXX is at a dangerously low level. A possibility of double bottom could be there.
SPY chart:
Input:
- Weekly chart shows that SPY index is still very healthy.
DJIA chart:
Input:
- Monthly DJIA chart shows that it has reach the resistance trend line. Retracement is expected.
- Weekly DJIA chart is very healthy.
NASDAQ chart:
Input:
- Monthly and weekly chart of NASDAQ shows a lot of strength and continuation of rally.
UUP chart:
Input:
- UUP is still stuck in the long term down trend which is good for stock market.
Sector Analysis:
Input:
- Most sectors are at the top range. A retracement will not be surprise.
Copper JJC chart:
Input:
- Long term JJC approaching the 20MA line.
- Still look strong going forward which is good for the market.
GLD and SLV charts:
Input:
- GLD and SLV seems to reach the long term resistance trend line.
- Retracement is expected.
Petrol and Natural Gas charts:
-NA-
Input:
FXI (iShares FTSE / Xinhua China 25 Index Fund) chart:
Input:
- FXI is facing resistance from its long term 20MA line.
- Expect a retracement.
Baltic Dry Index chart:
Input:
- Oh! My God! No bottom insight yet.
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