Didn't reveal much, except there's a slightly stronger bias VERY short term to LI's vs the SPX.
In particular, Sentiment Indicators looked stronger than I'd expect, Credit wasn't much of an issue either way.
Intraday indications (3C for the averages) on 1 min charts have been blah about showing much positive, but there are still 3-5 min positives from earlier today that were never taken out and are still in effect.
Probably the most moving indication recently has been the NYSE intraday TICK.
This has been VERY blah all day in a range of +/- 750, that's really mellow, but this most recent turn in the NYSE TICK is much more bullish.
I'm still not moving any positions around or entering anything without a clear picture of an edge short term.
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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