BULLISH PERCENT daily
Shows the large caps (BPINDU, BPOEX) in charge
Also here you can see the full nas BPCOMPQ and even BPNDX lagging in participation, as the heavily-weighted monsters have taken over the QQQ
(red line is 20ma)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Same stuff every quarter. They hit the big ones hard pushing up the index. Then out come earnings and we find out (usually) there really wasn't anything left in the tank. Of course just because you know it will end badly has nothing to do with timing it. What was that valuation on Yahoo back in the day?
Uber dovish Fed speak would blast this up to the next level, but I can not think of a reason why they would talk like they have been and then take it all back in print.
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It will be an ugly close if the gap is filled. Follow through overnight further into the red would be reasonable. Hard test for RBC theory that this has been all about Japanese traders playing catch up to a (relatively) cheep market.
sharp pullback, good for bears, but most double top fails nowadays, let's see.
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WHAT TO WORRY ABOUT TOMORROW AND FRIDAY
The Main Event
POTUS and POC Xi Jinping’s first date at Mar-A-Lago
GS on what to expect [Spoiler: bla bla bla, either a bromance or a disaster]: http://www.zerohedge.com/news/2017-04-0 ... main-event
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
http://blog.clipperdata.com/oil-waiting ... f-rebounds
Middle eastern cargoes have dropped off big time but do not fear, Venezuela has stepped up to the plate to fill the gap in US imports, and Mexico could surge exports to cover the Canadian shortfall as once again a tar sands processor is on fire.
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