Bear Market Rally

Currently, I consider this rally as a bear market rally because the weekly chart is not yet bullish.

USA	Longterm	Midterm	Shorterm
S&P500	Down	Neutral (+)	Neutral
DJI	Down	Neutral (+)	Neutral
Nasdaq Comp	Down	Neutral (+)	Up (+)
Russell 2000	Down	Down	Neutral
AMEX Airline	Down	Down	Neutral (+)
AMEX Biotech	Down	Neutral (+)	Neutral
AMEX Natural Gas	Down	Neutral (+)	Up (+)
AMEX Oil	Down	Down	Neutral
AMEX Security Broker	Down	Neutral (+)	Up (+)
KBW Bank	Down	Neutral (+)	Neutral
KBW Insurance	Down	Neutral (+)	Neutral
PHLX Housing	Down	Neutral (+)	Up (+)
PHLX Semiconductor	Down	Neutral	Up
S&P Retail	Down	Neutral	Up

Rebound Resting

The rebound is taking a rest. New toxic plan may plunge the market again. Current reading for various sectors are:

USA	Longterm	Midterm	Shorterm
S&P500	Down	Down	Neutral
DJI	Down	Down	Neutral
Nasdaq Comp	Down	Down	Neutral
Russell 2000	Down	Down	Neutral
AMEX Airline	Down	Down	Down (-)
AMEX Biotech	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 Semiconductor	Down	Neutral (+)	Up (+)
S&P Retail	Down	Neutral (+)	Up (+)

Strong Rebound

What a strong rebound. It is more than I would like it to happen. My reading still pointing downwards base on weekly chart. I'm just waiting for the rebound to get over.

USA	Longterm	Midterm	Shorterm
S&P500	Down	Down	Neutral (+)
DJI	Down	Down	Neutral (+)
Nasdaq Comp	Down	Down	Neutral (+)
Russell 2000	Down	Down	Neutral (+)
AMEX Airline	Down	Down	Neutral (+)
AMEX Biotech	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 Semiconductor	Down	Down	Neutral (+)
S&P Retail	Down	Down	Neutral (+)

Bearish But No Panic

The prices goes down, but there is no panic. Charts are at oversold position. Maybe a turnaround is around the corner.

USA	Longterm	Midterm	Shorterm
S&P500	Down	Down	Down
DJI	Down	Down	Down
Nasdaq Comp	Down	Down	Down
Russell 2000	Down	Down	Down
AMEX Airline	Down	Down	Down
AMEX Biotech	Down	Down (-)	Down (-)
AMEX Natural Gas	Down	Down	Down
AMEX Oil	Down	Down	Down
AMEX Security Broker	Down	Down	Down
KBW Bank	Down	Down	Down (-)
KBW Insurance	Down	Down	Down
PHLX Housing	Down	Down	Down
PHLX Semiconductor	Down	Down	Down
S&P Retail	Down	Down	Down

CME Group Inc. (CME)

CME Weekly Chart

CME is at consolidation area. Bought 2009 Jun PUT when the chart shows that it gave a sell signal. But the last minute rally changes the eod chart. Supports: 155/80.

Chipotle Mexican Grill, Inc. (CMG)

CMG Daily Chart

Anticipating a breakdown for CMG as weekly RSI uptrend has been broken. Support: 37. Bought 2009 Jun PUT.

Qiagen NV (QGEN)

QGEN Daily Chart

QGEN has broken down from a rising flag. No supporting uptrend line. Supports: 13/11/9. Bought 2009 May PUT.

IntercontinentalExchange, Inc. (ICE)

ICE Weekly Chart

ICE has a strong support at 50.00 but if it breaks, next support is at 30.00. Bought 2009 Jun PUT.

China Mobile Limited (CHL)

CHL Daily Chart

CHL has given me a sell signal. If it breaks the immediate uptrend channel (currently at 43-44 region), then the next uptrend support is at 32.00. Bought 2009 Jun PUT.

Best Buy Co. Inc. (BBY)

BBY Daily Chart

Anticipating BBY breaking down due to poor market sentiment. Supports: 26/17. Bought 2009 Jun PUT.