Monday, August 20, 2012

Tech Sector Update

It looks like GOOG is not the only tech stock to be watching for an early day head fake move, it looks like it may very well be sector wide.

While market directionality is the strongest force on a stock, the sector directionality is the second strongest force.

The head fake move would be in yellow on the daily chart.

Here's a couple of areas to watch intraday, see the volume? Retail is biting.


 The 1 min negative

 3 min worse


 5 min even worse


And 15 min worst, but the point is timeframe alignment at a naturally suspicious area. I think XLK can be watched more broadly for timing on individual tech names.

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