Monday, May 16, 2011

Update on the over all market

SP-500
  • SP-500 Starting To Break Down
  • Break Below 1300 Would Be Bearish
  • Still Room For The Market To Go Higher 
  • All Comes Down To QE3
UUP
  • UUP Trying To Break Out of Bear Fork
  • If The Fed Does QE3 UUP Will Go Lower
XHB
  • Housing Starting To Break Down 
  • XHB Just Broke It's Bull Fork