No charts for the gold miners, my position is still open, they are showing end of day positive leading divergences that look great.
For Energy
1 min largely in line, financials look worse, this could certainly be the Euro repatriation effect as energy has a strong correlation to the $USD (Euro is just a proxy).
One of the best head fakes in the last week in yellow, this is the morning I sold my USO calls right at the top. 2 min is in line, financials look worse as far as relative performance/rotation moving forward.
That beautiful head fake move, note it made a higher high and failed spectacularly, this is why I love the head fake trades.
5 min showing some weakness -not in line currently
15 min Energy, again, beautiful head fake move, good money to be made on those. 15 min is in line, not nearly as strong as tech.
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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