On the 1 minute charts, the SPY is in a positive divergence, the DIA is in confirmation and the QQQQ are in a negative divergence.
If you haven't seen it already, Insider Selling is climaxing this week with $4.5 Billion in insider sales which is an all time record. This number is over double the highest ever recorded, in the S&P it's 4x what it was the last week. I noticed AMZN was in the top 3.
Like I have said every time this number comes out, "There's a lot of good reasons for insiders to sell, but one reason for their selling is not "I think my stock is going significantly higher""
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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