All the charts look similar, nice 1 min positive or leading positive like this DIA...
And then 2 min relative negatives that I believe are holding the market somewhat lateral. The idea is the 1 min strength will bleed to the 2 min chart and move the averages higher.
The same on the QQQ 1 min
And QQQ 2 min
SPY 1 min positive
SPY 2 min out of line and holding the market back a little here until the 1 min strength migrates to the 2 min chart.
Here's the HGSI 5 min, this is why I think there's more upside, but I had a decent profit in the model Portfolio and truth be known, I think the April Call was a month too far out for what I'm trying to do. I'll look at re-entering on a March Call.
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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