Tech was what pushed a lot of bellwether stocks above the obvious ranges and levels in which that head fake pivot is seen so often, today early on it also contributed to doing the same for the averages...
SPY Pivot above obvious resistance mentioned in last night's wrap-up post.
QQQ also with the pivot...
AAPL after a parabolic move this morning - 1 min
AAPL 1 min turning?
GOOG 1 min after a parabolic move this a.m.
GOOG turning?
Tech 1 min overall looks pretty bad, despite bellwether price action in the group.
XLK turning?
The VIX is up 4.53% today, volatility also increasing, which would be nice on a reversal for those put positions.
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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