SPY 1 min in a negative divergence...
XLF positive divergence on 5 min...
FAZ in a leading negative divergence...
Wednesday, November 17, 2010
Update
Here's the latest update...
DIA 1 min in line with a slight leading positive divergence.
DIA 5 min showing nothing of interest...
QQQQ 1 min in a positive relative divergence...
QQQQ 5min positive divergence from yesterday, today inline to slightly positive leading divergence.
SPY 1 min in a negative divergence...
SPY 5 min positive and leading positive divergence....
SPY 1 min in a negative divergence...
6 comments:
Looking for a good bounce?
Maybe they are waiting for the GM IPO to start trading before letting this run? Anybody have an idea of when this takes place?
I reloaded my longs yesterday, well see if we can get some follow through.
Jack, the pricing for GM, currently expected to come in at $33 is set to be finalized after the close and begin trading Thursday
I'm hearing a lot of push back on the $33 price as people are expecting to make a quick trade. People were ok at the 26-28 level, but 33 seems to be giving a problem. This may indicate that Brian Sachs will need to pump the market hard today to get us over that resistence, so people can flip it at $33+ to make a speculative buck. We might see a small pullback today to gather steam for a big bounce. Thoughts and 3C confirmation?
Silver pulled back close the area I thought it might find support and consolidate. The gap from the 3rd. I know what you said last night on a bounce. What is 3C showing today?
Post a Comment