Tuesday, June 8, 2010

Fragile Support in Market Indicators

Something doesn't feel right here!

VIX - Volatility Index - Higher than 30 implies fear and bearish tendency in market.
DX - "Dixie" - US Dollar Index on the rise - Negative implications for the market.
GS - Goldman Sachs - Downward trend - "As financials go, so goes the market."

SPY - S&P 500 - The trend is down.  There will be bounces, but all indications are that there will be more moves to the downside.