We've looked at Energy in depth, Financials we skimmed, but will come back, the third leg is Tech, here's a quick look, I want to get to futures and really see if this is enough of a move for the trade I was talking about yesterday (puts on one of the averages).
XLK, Technology Sector is nearly as bad af the Financial chart posted last.
2 min intraday(this is what typically goes on during these flat areas, people get lazy, of guard and things happen fast).
AAPL didn't help much , actually really not at all, I'm still reserving judgement on AAPL for the time, but I'm starting to develop an opinion, I need to se more data to back it up and make it a solid opinion.
The A's themselves during the same flat area and also not looking good on the exact same timeframe as Financials.
This is the longer term view of the Q's on a 60 min chart, from the accumulation that started the move, "Trend #1" to the upside and what has happened through that move.
TESC, the leveraged bear Tech ETF in the flat area of the last couple of days and this afternoon with a strong leading positive, the exact opposite of the bull financial FAS on the same timeframe.
The long 3x Tech on a longer 15 min chart.
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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