You've seen the more important charts, the QQQ Calls from Friday are in the green, now it's all about what Obama is going to say in 8 minutes.
Intraday charts are perfectly in line from 1-3 min in the QQQ, 5 min, and the short term 15 min are positive.
SPY is a bit more mixed, the 2 min chart right now is the strongest in a leading positive divergence, the 1 min is nearly perfectly in line, seemingly reflecting near term uncertainty.
DIA is mixed short term, 1 and 2 min are stronger, they are leading. It's not until the 10 min and only short term (today) that we have a positive divergence.
It seems the market expects a pop, they just don't know if this is it.
Still haven't moved on AAPL, but 1/3 a position isn't much risk
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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