Saturday, December 17, 2011

Market Read for Week for 121911-122311

Market Read


Bias: no clue "neutral" 

Finviz US econ calendar: http://finviz.com/calendar.ashx

Bullish case:

- Seasonal bias: Ho Ho rally
- Slightly oversold
- AAPL above 200SMA 

Bearish case:

- under 200SMA
- Dollar above 80
- VIX is dropping toward 20 but this is probably primarily due to seasonality
- Crude appears to be forming a potential IHS but will need to touch 90 to form right shoulder

SPY



30 min


QQQ


IWM



Dollar


VIX


McClellan Oscillator


Crude


Gold


Silver


JNK v. LQD


AAPL


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