Yesterday is a good day when we see rebound in the overall US market. Today Dow Jones Futures indicate that we are expected to see further bounce in the US market.
INDU has indicated a long white bar. Volume is high and RSI has crawled up. We should be see the bounce now. With Europe Decision on asset buying program on 22th Jan 2014, we can expect alot of volatility and seeing the market going higher and higher.
Nasdaq is almost the same as INDU. Do note that it is not as bullish as INDU. We can see that the white candle is narrower. RSI indicated that momentum is back. Volume is healthy. We should see this market strengthening as well.
Gold is on its way down. Yesterday price actions shows that the sentiment is going bearish. RSI is at high at 60.29 and it seems to be falling off the cliff soon.
WTI is finding temporary bottom at around 48. RSI indicated that it is long oversold. There are some buying and the volume is high. If today the market ups and WTI closes on the positive note we should see this rebound and we should see 55 before this will dip further down to 40.
