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.
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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