Friday, May 18, 2012

SPY/FB

Usually the market is the biggest gravitational force moving stocks directionally, today it seems FB is the gravitational force, FB today is what you would call an extreme version of a Market Fulcrum Stock; it use to be AAPL.

 FB-It seems the $40 level is where sentiment shifts back and forth.

 SPY compared to FB

 The 1 min SPY did hold up in to that move down, the 1 min chart which is the fastest didn't make a new low, rather a higher low and is back to leading.

The 5 min chart wasn't effected at all



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