Sector Analysis for week of 3/31

Symbol	LT Trend	IT TREND	ST TREND	Support	Resistance	Comments
SPY	N	N	N	126.6	139.6	could be making a bull flag with target to resistance
DIA	N	N	N	117.7	127.3	could be making a bull flag with target to resistance
QQQQ	N	N	N	41.5	46	could be making a bull flag with target to resistance
VIX	up	N	N	23	31	looks like it might move to test support before it heads back up
IYR	Dn	N	N	63.3	68.3	Bull flag near support,
IYT	N	up	N	85	88	Bull flag near support,
XBI	dn	dn	dn	48.5	54.86	Bear flag falling from resistance
XES	N	N	N	36.5	40.3	Moving sideways.
XHB	N	up	N	19.2	23.2	A-tri heading to support. Watch for a bullish entry at support
XLB	N	N	N	39	43	sideways
XLE	N	N	N	70.7	78.6	making a sym-tri
XLF	dn	dn	dn	23.5	26.5	Fell from resistance last week. Moving to support
XLI	N	N	N	35	37.6	falling after testing resistance probably going to support which is a rising line
XLK	dn	dn	N	22	23.5	Basing action. Moved above 30MA and now retesting it, bull flag
XLP	N	dn	up	26.8	28	Going sideways at resistance. Hi prob trade is down to support
XLU	N	dn	dn	37.5	39	Sitting at support of a D-tri. Hi prob trade is down
XLV	dn	dn	dn	30.65	31.7	At diagonal resistance Hi prob trade is down.
XLY	dn	N	N	29.5	33	In the middle of a channel. Calendar/condor candidate
XME	up	up	N	66	72.2	making lower high so no trade up, Hi prob trade is down to support
XOP	N	N	dn	50	54	At resistance hi prob trade is down to support at 50
PPH	dn	dn	dn	68.8	71.6	at resistance hi prob trade is down to support
RTH	N	N	N	86	95	in a channel. Currently in the middle calendar/condor
SOX	dn	N	N	336	352	Nearing support. If it bounces can trade up to resistance again
XAU	up	dn	N	171	203	Made a lower high and near support. If it bounces from support can trade up

In current market conditions good trades are selling bullish or bearish verticals at resistance and support. So based on that we are going to look for trades with at least 65% prob. Of success doing couple trades in each bullish and bearish sectors. That are near support and resistance.

Will post those trades as we do them

Testing BlogJet

I have installed an interesting application - BlogJet. It's a cool Windows client for my blog tool (as well as for other tools). Get your copy here: http://blogjet.com

"Computers are incredibly fast, accurate and stupid; humans are incredibly slow, inaccurate and brilliant; together they are powerful beyond imagination." -- Albert Einstein

new entry today

working on the Fedora 6 version

new post

This is a test