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.
5 years ago
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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