Wednesday, May 4, 2011

Well....

We got the reversal day right and although the market's down decent, it's a bit quiet and you know quiet makes me uneasy.

The DIA has a 1 min positive divergence and the rest of the market is lateral so I'm guessing we'll see an intraday move up soon.

Other then that, today Interactive Brokers warned they'll be hiking silver margins, last week another broker did the same, I think it may have been TD Ameritrade, but I'm not positive.

Other then that, commodities continue to take a beating today

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