XLB suddenly daring to break thru to a new hod, only sector other than staples and homebuilders to sniff around the upper end of its range all morning.
target reached. now let's see if the day high is the range high. I don't know, range day, need guess.
Attachments
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.
Actually, BB52, I hope I speak for many when I say I love your "clockwork" charts, and always pay attn to their signals-- even if I may be operating in a longer timeframe than any particular signal.
fehro wrote:INDEX dailies.. Transports DJ-20 weak red trying to hold 200d. SPX/VIX/TLT all green.. someone is lying
Transports are lying.
They were weak early, and though quite down for the day, are actually gaining in relative strength (RS) thru the day.
my money is on the VIX/TLT , and the DJ-20 weakness.. seems recently.. when the Transports are weak early.. SPX follows.. especially with a green VIX/TLT .. time will tell Need a DJ-20 close under the 200d . NDX struggling at 100d/200d just under it
Last edited by fehro on Mon Mar 28, 2016 12:57 pm, edited 1 time in total.
Daniel wrote:Actually, BB52, I hope I speak for many when I say I love your "clockwork" charts, and always pay attn to their signals-- even if I may be operating in a longer timeframe than any particular signal.
They are quite unambiguous.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
Housing and consumers continue to lead the bulls today.
Just a guess, I have no tracking metrics, but we MAY be seeing the 'random' behavior of end of month rebalancings and window dressings, etc. The lack of correlation btw the IWM and QQQ today is dramatic. Qs are flat, IWM is fishtailing all over, etc.