Mid-day technical check.
S&P and NASDAQ look surprisingly neutral maybe even weak. Not consistent with the price action.
Dow and Russell look pretty good and stronger than the S&P & NASDAQ. Rotation out of Apple and old leaders maybe?
MO flirting overbought.
CarlosDK wrote:Cobra what is your view of AAPL did it top at 596 or we go up to 600 still ??
not sure. we're going down, the rebound was weak.
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.
I'm hoping we end favorably today, so my F will gap up tomorrow. If that happens, I'll press the sell button. When I press the sell button, you guys are suppose to press the buy button because some will interpret the F chart as a double bottom.
I'm late..Took the wife to the airport,she is going visiting for a few days..I see the big mkt pop up this morning and I just looked at the SPY 1 min line chart and what a nice set up for a dome move..If it does, look for the todays lows to be tested and then maybe lower..I also see some nice P bars to 139.89.I can't get to excited on the dome because lot of them never take shape and this one is very early yet so the dippers will spoil it..But lets wait and see.
CarlosDK wrote:Cobra what is your outlook for rest of day ?
No idea. not bearish though.
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.