Monday, December 1, 2008

Low Volume Rebound

I hate low volume rebound. Well, everyone is back by Monday. Let's see what is the true direction of the indexes.
USA Longterm Midterm Shorterm
S&P500 Down Down Neutral (+)
DJI Down Down Neutral (+)
Nasdaq Comp Down Down Neutral (+)
Russell 2000 Down Down Neutral (+)
AMEX Natural Gas Down Down Neutral (+)
AMEX Oil Down Down Neutral (+)
AMEX Security Broker Down Down Neutral (+)
KBW Bank Down Down Neutral (+)
KBW Insurance Down Down Neutral (+)
PHLX Housing Down Down Neutral (+)
PHLX Shipping Down Down Down
S&P Retail Down Down Neutral (+)
AMEX Biotech Down Down Down
AMEX Airline Down Down Neutral (+)

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