Friday, July 13, 2012

Been a long time....

Since I've day traded. In any case, this kind of looks like a shakeout move, but I'm still hanging with the FAZ calls.

Just like in the days of old when I was day trading, I'm watching the 3C TICK chart (instead of 1 min, each tick) as well as the NYSE TICK chart. Here's what the NYSE TICK chart looks like, right now it looks like this pop isn't going anywhere, but it may have served a purpose in scaring new shorts at the SPX 1350 level out, and that's some extra money for the weekend for Wall St.

 Very dull TICK chart today

The TICK on the pop and since.

This is the number of NYSE advancing stocks per bar less the number of declining stocks.



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