the pullback shall have legs, NORMALLY. I'll let you know if those aggressive dip buyers are in AGAIN.
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Al_Dente wrote:One month sector performance
Odd that at market highs, the defensive sectors are so strong
That only means one thing to me.
hi boss how is Snogger?
Sorry, just stepped away. Contractors are here. We have failed inspection twice for a shed. Evidently a tool shed has to have a cage around its light fixtures.
Chart looks a bit different as I am on my portable computer
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New high couldn’t hold
Now below the iH&S neckline
Who is to blame
Dollar (faded green line behind price = inverted dollar)
Also bad japan, bad china……….
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
My summation signal is neutral for the SPX and down for the R2K.
My composite trend signal is up and holding strong.
My short survived yesterday. Stop was just out of reach.
The right shoulder of the inverse head & shoulders on the R2K chart got broken this morning.
So, maybe this thing has chances. We shall see.
The SPX has gotten clunked this morning too, but after new ATHs and well above local lows.
Things could get interesting if the Tuesday SPX low gets broken.
volume surge, biggest red bar, so might see rebound here first which likely would be sold.
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Claire wrote:Cobra -- I forgot what the morning black bar portends -- please explain again. Thanks
The morning black bar chart explained already. See annotation on the top left.
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