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Trades with cats wrote:Not sure what to think. That last pop was driven by news so it could easily reverse. Yet we are high enough now to trigger short selling but I don't see it. Therefor, on paper, the high is in and we will sink back into the range as we run out of buy the all time high buyers and do not much until tomorrow after lunch when the Fed will reveal nothing new.
Boss: what does Fumar say
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern wrote:Biotechs are not participating in today's rally!
Boss: Here’s 15 days %, STRAIGHT no juice
Your biotech are orange
You can see how semis (gray at the bottom) lag the QQQ (black)
Best is red financials
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
te_fern wrote:Biotechs are not participating in today's rally!
Boss: Here’s 15 days %, STRAIGHT no juice
Your biotech are orange
You can see how semis (gray at the bottom) lag the QQQ (black)
Best is red financials
1212fifteen percent.png.png
It is interesting how the semis and biotechs, the high vol sectors, are both lagging. The market has definitely rotated....
the pullback will be bought if not already being bought.
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Buy the pullback looking soft. Looks like a set up for a double top. Oscillators refusing to get out of neutral. Need another Senator to talk to the cameras.
ES 03-18 looking at VWAP again. So as usual either a double bottom sandwiched in with the double top (range time) or a breakdown. Pattern has been a sell down until the end of day ramp express.But past patterns do not guarantee future repeats.