Report. December 8, 2010.

Today the markets were bull.

IPC

- Today a pause in the up trend. Profit take.
- Support in 37,000 points.
- Very bull and strong, but in overbought.
- If the IPC is ahead the SPX, is predicting a correction?

Bear signals in the US markets. 

VIX

- Today VIX rebound up. This is bad for bulls.
-- For VIX is hard to go down because is low.
- Over the support, maybe yesterday broke was in false.
- VIX:VXV says: maybe we are in a top. Look the image:

CPC

- To low again. And many times in a row.
-- If CPC <= 0.80 then the next day probably a red candle.
-- See what happen when this occours:

CPCE validates the above sentences.

The SPX broke the 1,228 level. But: 
- try two times.
- broke in the last candles.
- yesteday a fake break.
- breake without impulse and force.

Dow Jones

- Far away from break the resistance.
- Normaly Dow leads SPX, now is diferent?

Nasdaq 100

- Could not make the break in all the day. Consider that is the bullish index in the US market.

52 weeks highs. More bear signals

- The next image says more than thousand words

Seasonality

- Dow Jones                 52%
- Standard and Poor's   48%
- Nasdaq                      43%
-- Tomorrow neutral day.


Conclusions

- The short-term and mid-term trends are up.
- The SPX broke the 1,228 level, but without force and volume, so be careful. Wait until confirmation:
-- SPX close again over 1,228.
-- Dow close over 11,450.
-- Nasdaq 100 close over 2,200.
--- Look volume
- We aren't in a Rally until confirmation. I'm optimistic about late december.

- Mi short-term sentiment is bear, for tomorrow I'm neutral. [So many bear signals should mean something]


IPC Sandard and Poors Dow Jones