DIA 10 min
DIA 5 min
IWM 1 min
QQQ 15 min
QQQ 10 min
QQQ 5 min
SPY 15 min
SPY 10 min
SPY 5 min
SPY 1 mn
Obviously the market is deteriorating, the bounce is about in line with my expectations. There's still plenty of time for the Q's to make that breakout high, they were only $.05 from making it earlier. I'd certainly start taking profits from the long trades I recommended for the bounce and start adding some shorts. I don't think it's time to swing for the fences, but I would want my feet wet and moving toward a net short position.
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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