Saturday, January 10, 2009

Santa Claus Rally Over?

Looks like the Santa Claus rally may be over. The banks has turned down again:
USA Longterm Midterm Shorterm
S&P500 Down Neutral Neutral
DJI Down Neutral Neutral
Nasdaq Comp Down Neutral Neutral
Russell 2000 Down Neutral Neutral
AMEX Natural Gas Down Neutral (+) Neutral
AMEX Oil Down Neutral Up
AMEX Security Broker Down Down Neutral
KBW Bank Down Down Down (-)
KBW Insurance Down Neutral Neutral (-)
PHLX Housing Down Neutral Up
PHLX Shipping Down Neutral Up (+)
S&P Retail Down Neutral Up
AMEX Biotech Down Neutral Neutral (-)
AMEX Airline Down Neutral Up

For sectors that are labeled neutral, looks like they are turning weak again. Not confirm yet that they will rush to the downside.

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