One of the things I have been thinking about and watching for is a move up on short term 1 or 2 min charts in the averages that aren't looking as good as the Q's underlying trade, like the SPY/DIA as a potential timing signal for a move up.
There are signals like that forming in the SPY, DIA, IWM Tech (XLK) and even ES and NQ futures. Essentially in my view if we saw something like these, they would represent market makers/specialists taking stock right before a move, they've had plenty of time to pick up shares on the cheap from just barely tagging stops.
While there's not much time left in the day and these aren't large signals, they are what I had been thinking about. So lets see if there's something to them.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
No comments:
Post a Comment