Taking a look at the longer term charts, rather then the intraday moves, here are the 15 min charts which have had good success in calling reversals lately
DIA 15 min
FAS -long financials- 15 min
FAZ short financials 15 min
QQQQ 60 min-the 15 is in line
SPY 15 min
Again the theme in financials seems to be the unwinding and reversal of their recent rotation.
More on Cramer from Z.H. today, I just thought the timing was ironic.
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
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