***I captured the charts for this post around 1 p.m., just after the first pullback and before the range developed followed by the late op-ex Friday rally combined with the 3:30 ramp.
In any case, I captured the charts, both intraday and a bit longer - in line with the expected bounce move. You can see the incredible job Leading Indicators do at both and get an idea what this bounce should look like.
I have an appointment with the AAPL Genius Bar I have to rush to, but I'll catch up on the market later, although all you have to know is right here. So keep in mind what time it is, intraday charts are for intraday moves, longer charts are for the bounce. I'll let you put it together, most assets are compared to the SPX in green, all indicators are labelled on the charts. Enjoy and talk to you soon.
Have a great weekend!
*Start of the post...
I just wish I could use this keyboard that is off to my right and spilt down the middle so I can't find the keys, then I have to go to my left to use the trackpad/mouse. I'd say I'm about 10x as slow!
I'll post the indicators though because if this doesn't convince you of their worth, nothing will and it tells you a lot about what we can expect from this move in to next week.
CONTEX
SPY Arbitrage
HYG
HYG-I almost stopped right here, says it all.
HY Credit
HY Credit
Commodities
Commodities
FCT-risk sentiment
FCT
HIO Risk sentiment
HIO
Treasury Yields
FCT Risk sentiment
$AUD
Euro
Euro
Euro futures
Yen
Yen
Yen 1 min futures
TLT-long Treasuries
VXX VIX Futures
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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