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3 push up, still appears strong, so might be another push up.
Attachments
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UVXY: 5:1 reverse split effective at the market open on Jan. 12, 2017 when the fund will begin trading at the post-split price.
A few other reverse splits (udow, sqqq) and forward splits (sco, tqqq) listed here: http://www.proshares.com/news/2016-12-22.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
All those glorious highs Friday (except the dow and small caps and tran) and no follow through yet today.
Small caps are at a critical point, testing the bottom line support at 134.26 IWM
60 min
RARE H&S formation on the “Ratio of Small Caps to Large Caps” (bottom panel)
If we just treat it as a regular H&S pattern, it broke the neckline Friday
That is “risk-off” for IWM until it reverses
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
NY advancing stocks = 0.78 x declining stocks
NY advancing volume = 0.79 x declining volume
NY declining stocks = 1.28 x advancing stocks (down from >2x this morn)
NY declining volume = 1.28 x advancing volume
Bears were favored this morn, now its “chop” which is anybody’s game intraday
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
History suggests that the S&P 500 will continue to rally through Trump’s first 100 days in office [through the end of April] as six of the last nine (66.7%) newly elected Presidents were greeted with S&P 500 gains.
“The current rally has been solid, but there have been better.” http://jeffhirsch.tumblr.com/post/15540 ... ts-through
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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