Not only are HYG, TLT and VXX (to a lesser degree, but still there) all moving in the right direction to reverse the market, the Bellwethers I looked at like GOOG, APPL, NFLX, etc are also building positive, amazing isn't it how smart money just work like the "Borg" or the "Collective" for you Star Trek fans, or like ants coordinating something, like a bridge? You ever see those leaf cutter ants in the AMazon actually make a bridge for their co-workers to traverse a span? Yep, there's that communication, the market code and it's showing up in other assets so I doubt we have much longer.
Remember the concepts are the concepts, they work in all timeframes because humans and their emotions are trading in all timeframes so that being said, some sort of last minute big head fake before a reversal is likely-I'd be on the look out for anything that would really entice the bears.
Is interest rates about to start going up?
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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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