Saturday, April 7, 2012

DJ-30 & Vix

DJ-30
  • Broke small Bear fork
    • Next test will be Mid-line at 12750
    • Break there would be Bearish
      • 50 DMA (12,350) and 100 DMA (11,800) would be next lines of support
Vix
  • Vix starting to break out
    • Market could be in for a sell off ahead
    • Break above 18 on the Vix would be bullish
      • Break above 21 would be very bullish

Unemployment (Why It Is Going Down)

Not In Labor Force
  • This is a chart you do not want to see go up
    • Here is the main reason Unemployment is going down
      • Less people in the work force = less people unemployed

Tuesday, April 3, 2012

Bulls Still Holding

DJ-30
  • Still In Smaller Bull Fork
    • Break below 13150 would start to be bearish
      • Break below 13000 could be send DJ-30 back to 12000
Insiders Are Selling Like Mad
  • High amount of insider selling (Bearish)
  • Something to keep an eye on
    • Short Term Correction Could Be In Play
  • However if the Fed keeps up with money injections in the market = Higher Highs
    • Only thing that would derail this would be Europe starts to fall apart, again.
      • But the Fed is also buying Euro Bonds
      • Have trailing stops in place