Way too quiet today...
Here are what the 3 major groups look like, Tech strangely is difficult to find much on with regard to positive divergences, Energy looks the best short term. Again I present 2 charts for each, long and short term, but I think you can use these signals if you are looking to trade around positions or just get a little more nimble in the market which is what I'm leaning toward, at least until some key questions are answered and I feel strongly about all the timeframes.
Energy
While the market is quiet, energy has been taking it on the chin, but into this leading positive 1 min divergence.
There's the divergence on the 3 min chart.
And here's a longer term perspective of 15 min chart which already did some damage to the group, so watching a bounce for signals of distribution or not will be important, volume is picking up in Energy so I think we are close.
Financials
1 min positive
5 min negative and a positive in to today.
60 min leading negative
Tech
There aren't too many charts or timeframes that are really clear, the 5 min is, still, Tech should move with everything else.
I may re-position some things to get lightened up and nimble.
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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