Market Overview Jan 15

Congrats to those that went long on Jan 13, 2014. Market went up another 0.5%, surprise with very low volume, lower than yesterday. Bounce back old all time high with low volume, this is not a good sign to me for longing here, so please use stop if you long.


Chart attack:

DIA chart, volume isnt there, so will have to wait and see how it reach if it does goes higher to last all time high. MACD is still favoring the bear

SPY chart, volume isnt there, similar to DIA chart, will have to wait and see how it goes, but so far isnt favoring bull since not enough volume to bust through old all time high. MACD is still favoring bear

VIX chart, MACD is still favoring bullish market, it has not cross yet. It could be building momentum. So hold long with a stop in place if you are long.

NYMO chart, the top two square looks pretty similar, we know what next soon. MACD is favoring the bear

Short term: Neutral