12-17-2006 Market Direction

Market Direction:
1. 10 year Treasure yield:  4.597 %  up from last week  of 4.552%,  last week it went up, stock market up as well,  just out down-trend Channel yet.

2. Index Options: CPC 0.74---Bullish  ISSE  ???--- neutral OEX --- ???

3. VIX : 10.05 , look it reach 9.81 last lowest point.

4. Currency: USD  was up to 84.05 from last week of 83.32 

5. Commodities;GOLD:  620 down for a week, reached MA 50 & 200  may rebounce next week:  OIL: $64, up for a week . OIH  150 up last week.

6. Money Flow: Lending/ borrowing : 9.57 ---bullish

7.Charts Reading:  don't think market will go down much before New Year.
SPX: bullish: stop at 1400 and 1390
COMP: Neutral –bullish stop at 2400, and 2375
Indu: Netural –Bearish