I just finish one post and need to put up another. I looked at breadth charts, they recovered between 1:30 and 3:15, now they are starting to fall apart a little bit. I looked at the TICK and it's starting to trend down a little bit as well. The DIA you know has a 1 min negative from the last post, the SPY just went negative. The IWM and Q's are still in line, volume isn't too heavy right now, but it appears there will be a little downside movement here toward the close. What we want to be aware of is really nasty downside into the close like we saw in GOOG's 3C chart before earnings.
I'm still leaning toward my opinion in the last post.
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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