This is a fast moving market in many ways, take your eye off something for a few minutes and there's a change that is material; for example, Financials.
XLF 1 min
XLF 2 min shows some fast deterioration
XLF 5 min shows some REALLY fast deterioration.
FAS and FAZ in the 10 and 15 min timeframes are still not where I'd like to see them, but with the 5 min chart moving that fast it may very well migrate to the 10/15 min timeframes very quickly.
Is interest rates about to start going up?
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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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