Weekly Analysis

Short squeeze over? Market still looks weak. The next move is to consolidate. This will take 1-2 weeks. Current charts do not indicate a possible panic move yet.

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