I was getting a little nervous with GOOG calls holding up today at 25% since they were opened Friday, one of the reasons is GOOG seems to be a bellwether for the market, just front running it a bit.
Ultimately GOOG held its afternoon range and the divergences that attracted me to a GOOG long are still in place.
2 min intraday with really amazing intraday divergences and today holding in line.
The 5 min is still leading positive
Even looking at a 30 min chart, and this was surprising to see such a long chart develop so fast, is holding well.
Even more surprising, the 60 min.
I just can't see how GOOG can fulfill these divergences without the market following.
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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