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no idea up or down from here, some chances trend day today.
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So this is a relief move because the Fed can continue to tighten rates and strangle the money supply in a dovish manner with the assurance of Lael Brainard that an inverted rate is OK. And don't forget the ECB this morning assuring us that "next year" they will start raising rates.
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My view. Euro time zone traders once again pedal to the metal running out of gas in the North American session. Need a second measured move up to challenge the highs. Tim Cook and the rest of the gang going to have to call in to Goldman if they want to get it done today and save Goldman a lot of options pain!
Despite an absolutely ghastly price performance by gold (GLD) over the past few months, my daily chart Chaikin Moneyflow indicators are currently at their highest levels since late May. Same with SLV. What’s up with that? Steady subtle accumulation...?
I've noticed over the past couple of days that on your basic 5min StockCharts intraday chart, you are switching from QQQ to RSP at various times as the secondary index.
Is this to illustrate a point? Are you experimenting?
rebound from here then it's range day, down from here then it's downtrend day. let's see.
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I've noticed over the past couple of days that on your basic 5min StockCharts intraday chart, you are switching from QQQ to RSP at various times as the secondary index.
Is this to illustrate a point? Are you experimenting?
It's stockcharts, it had a problem which reset all the settings, so I had to copy from the backup and whenever I tried to set back to QQQ from RSP, stockcharts reset all the settings so eventually I had stick to RSP, i.e. the original backup settings. Until today, I saw I could change to whatever settings again, so I set back to QQQ. I actually not sure whether QQQ is better or RSP is better. Neither matters though because I rarely consider them when making a call. Only the SPY 5 min chart with EMA20 matters.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.