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-What was the main question..?Trades with cats wrote:Oil sucker rally.
Bonus Question......
--And yet, intraday CMF today is tepid, probably best described as mildly negative. This dovetails w what I posted earlier..Out of Bounds wrote:Overall market breadth. Nothing but BULL all day.
Thx. Whatever the catalyst, they are notorious for trading on sentiment, and can have amazing percentage-runs when something ignites them. They are excellent for trading on pure sentiment and momo indicators, since their future earnings, as stated above, are so iffy.Trades with cats wrote:...the solars are high beta with large shorts. They could be up on some political news, as their existence depends totally on government subsidies and state utility regulators.
All measures of breadth are at new highs right now. It's rare (lately) for all of them to push to new highs at the same time.Daniel wrote:Naz advancers, hod!
IWM, XRT many sectors to fresh HOD.Out of Bounds wrote:All measures of breadth are at new highs right now. It's rare (lately) for all of them to push to new highs at the same time.Daniel wrote:Naz advancers, hod!
As soon as I wrote that, I got a sell warning. It doesn't mean to sell but it does mean to watch for a topping process. I usually start to trim positions when I see this. (and I would except I am short )Out of Bounds wrote:All measures of breadth are at new highs right now. It's rare (lately) for all of them to push to new highs at the same time.Daniel wrote:Naz advancers, hod!
Likewise with the non-confirming Chaikin Money Flow readings. Price pays, but.. distribution eventually erodes the support for price.Out of Bounds wrote:Out of Bounds wrote:It doesn't mean to sell but it does mean to watch for a topping process. I usually start to trim positions when I see this.Daniel wrote:Naz advancers, hod!