DIA has shown improvement on the move lower
The Q's have shown a lot of improvement.
As has USO.
The SPY/IWM are in line, maybe a hair better, but nothing like the DIA/QQQ which were also the strongest looking 3-c wise yesterday as well. Keep an eye on the USO trendline, a quick dip below it and a recovery above it would have me thinking about a leveraged long like ERX. Or continued improvement, especially if it bleeds over to the 5 min chart.
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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