The $USD looks like more pullback, but the Euro looks like it wants to move higher, I'd say the $USD carries more weight. I'm going to check leading indicators as well as look for some opportunities, AAPL is among them.
Friday, April 19, 2013
DIA v. SPY
Unless there's an op-ex pin today, I think there are pretty good probabilities the SPY/market makes another move higher this afternoon, but the DIA looks ready now.
DIA intraday looking ready to push higher, it might even be a decent day trade for those who are nimble and have the stomach for it.
The SPY by contrast looks as if it could pullback toward that inverseH&S pattern, but there's no saying it won't be a slanting neckline with a shallower pullback and these really don't have to be that symmetrical.
The $USD looks like more pullback, but the Euro looks like it wants to move higher, I'd say the $USD carries more weight. I'm going to check leading indicators as well as look for some opportunities, AAPL is among them.
The $USD looks like more pullback, but the Euro looks like it wants to move higher, I'd say the $USD carries more weight. I'm going to check leading indicators as well as look for some opportunities, AAPL is among them.
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