As price didn't already tell us this market is ugly, thus i've been encouraging you to raise cash, lower long margin and get your toes wet on the short side, we also have this NYSE TICK chart and this is the worst I've seen it since watching it.
This shows advancing issues and declining issues for each tick on a 1 minute chart. It's rare to see a couple of spikes at -1250, today we see most of the day there. This is part and parcel of the horrible market breadth I've warned about as the Fed manipulates the averages higher, but not the entire breadth of the market-it's called "Getting the most bang for your buck" to create the "wealth effect" and it's done by buying the heavily weighted stocks on an index.
THIS CHART IS REALLY UGLY
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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