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
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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