In any case, certain stocks such as the goldminers an financials have take a turn for the worse.
The DIA has a 5 min positive divergence, the SPY is a little more positive then trading in-line, but not an all out divergence and strangely the Q's have a 5 min negative divergence. Both the SPY and the DIA are in obvious manipulative patterns (triangles) so whether this is a black box head fake or a pump into the close is difficult to say. The other difficult thing to say is whether there will be a "sell te news" event as traders may not have been as inspired by BB's comments this a.m. which were ambiguous and not what the market wanted to hear in terms of specifics-weight that against Yellen ( a known Dove's) more hawkish speech on Monday and we have a pretty good soup bowl of uncertainty.
Is interest rates about to start going up?
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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
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