Monday, May 20, 2013

HYG distribution Heavy, TLT and VXX fill the Gap...

I thought TLT would fill the gap in my last post, VXX did too.

Take a look at the assets now... It looks like a.m. trade is about to give way to something a little more exciting and perhaps unexpected.


 HYG was already seeing distribution, I pointed put in the last market update, it is quite a bit sharper today as you can see there's no more upside momentum (market negative) and distribution momentum is much sharper.

 TLT not only filled the gap, but created that positive divergence that I said I thought was just starting at the last update.

VXX filled the gap as well as all gaps are filled since HFT's took over, and remains in line with 3C, not positive intraday or negative.

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