DXO

Crude Oil Weekly Chart

Looks like crude oil is bulding a base at around the 50.00 level. I am anticipating a rally when it can break USD55.00.

DXO: This is the first time I'm not playing options. I just can't find any strong trend (up or down) that allows me to play options. So, I have decided to buy DXO instead. The price is options-like and I am comfortable with my position. DXO has been flatlined sinced Nov 2008. Resistance: 3.20/4.00/5.00.

Weekly Sector Review

Not much changes.

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

Weekly Review

Inching up. Momentum is falling. A dangerous sign because any reversal may be quick and brutal. I'm staying out until more clear signs emerge.

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

Fantasy Assets

Fundamental is still bad. Market is mixed. It could be a possible trend reversal if we fantasize about the value of our assets. Of course this will only work if everyone fantasizes too.

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

Springing New Hope

Strong rebound this time:

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