Sunday, September 18, 2011

Major Indices - $SPX, $COMP, $RUT. $VIX

$SPX(SPY) - Running into resistance. Approaching the 50% retracement from July highs, 50ma catching up to it as well. RSI seems to be indicating a gradual rise in strength as the market oscillates. 

$COMP - Nasdaq is looking strong, over the 50% retracement and over the 50ma, RSI looking strong as well. This is in large part because of $AAPL strength right now (hitting $400 level).

$RUT - Coming up against some resistance, RSI seems to be flattening round the 50 level.

$VIX - Seems to be range-bound. 50ma coming up for possible support. The $VIX trading up in this range and staying there is an indicator that there is still a lot of uncertainty in the market.

No comments:

Post a Comment