I received an emal about unusual strength in SMH, pretty much before I could respond, it headed lower.
Tech in white is the strongest relative strength sector today, SMH is semi-conductors.
There was a 1 min positive off the open, as it headed higher you can see 3C went negative and it has started to reverse.
The longer term 10 min chart is in a leading negative position.
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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