Last three omens all had follow up, and this one has been three in a row, this week. Today's action felt very heavy.
Good trading everyone.
4 replies to this topic
#2
da_cheif
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Posted 04 August 2017 - 10:36 PM
Last three omens all had follow up, and this one has been three in a row, this week. Today's action felt very heavy.
Good trading everyone.
HEAVY comes at bottoms .....euphoria comes at tops
#3
alexnewbee
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Posted 04 August 2017 - 11:39 PM
Thanks
"we do G.d's work" Lloyd Blankfein
#4
Data
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Posted 05 August 2017 - 10:36 AM
There are no issues on the new lows list that appear to be sensitive to interest rates.
https://www.barchart...s#/timeFrame=1y
I see retailers and oil which have been on there for a long time.
It would help the case for a market-wide decline if crude oil declines and causes SWF's to raise cash as in 2015. Seasonality has just passed peak for crude oil, but it would take a pretty big decline, probably in the mid 30's or lower.
#5
dowdeva
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Posted 05 August 2017 - 08:11 PM
Hi Data,
I forgot to mention it was on the NAZ, not general market. My bad.
It could be just another clear the puts before the next rally up, but in any case, it's been a reliable indicator recently. As far as general market decline, I would add a decline in XLF, in addition to oil, as critical to watch for signs of a bull to bear transition.
Best regards.
