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| INDEX | TREND | Days | MCAD | DAYS | 50MA | days | RSI | days | | DJIA | down | | down | | down | | 34.97 | | | SP500 | down | | down | | down | | 34.44 | | | NASDAQ100 | down | | down | | down | 1(1/20/09) | 40.08 | | | SMH | down | | down | | down | 1(1/20/09) 43.02 | | | XLF | down | | down | | down | | 24.57 | | | FXI | down | | down | | down | | 34.15 | | | DBA | down | 1(1/20/09) | down | | up | | 48.79 | | | TLT | down | 1(1/20/09) | down | | up | | 51.06 | | | VIX | 56.65 and trending higher | |
Comments:
1). XLF is the only one that is being oversold.
2). Number of stock above 50 MA in NASDAQ is 30. far from oversold.
3). it reminds me of last September when we had consective down days yet the market remain unsold.
basic strategy is to sell to the rally.
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