Member
Posted 13 July 2020 - 11:06 PM
the dow has been up 11 straight days......and todays mild correction is typical of the kind of volatility we have witnessed during the week of opex
The DOW has been up 11 straight days?
He's losing it, the Dow has been going sideways for about 4 weeks. It put in a double top after refusing to close the gap from June, it is very obvious what is going on. Today's reversal is just the start of a multi week test of the March Low.
Edited by Russ, 13 July 2020 - 11:11 PM.
Member
Posted 13 July 2020 - 11:17 PM
RUT Futs 4 hour chart just looks plain ugly with that breakout/fakeout reversal today.
A big decision may have been made this afternoon...
If it somehow managed to climb back over 1440 over next couple days, would hop back in bull camp, but right now, this looks like it has potetential to fall hundreds of points.
Only so much tree shakin' can be done before decision finally made....and last hour today may have been the end of it...
Edited by K Wave, 13 July 2020 - 11:18 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 13 July 2020 - 11:26 PM
Standard indicators are all weak, momentum is dying.
Member
Posted 14 July 2020 - 04:48 AM
the dow has been up 11 straight days......and todays mild correction is typical of the kind of volatility we have witnessed during the week of opex
The DOW has been up 11 straight days?
my bad.. meant 10 straight hours
Member
Posted 14 July 2020 - 05:09 AM
the dow has been up 11 straight days......and todays mild correction is typical of the kind of volatility we have witnessed during the week of opex
The DOW has been up 11 straight days?
my bad.. meant 10 straight hours
https://www.siliconi...?msgid=32832436
Member
Posted 14 July 2020 - 09:07 AM
The VIS is starting to go BUT still a ways to go for a "Breakout"
Member
Posted 14 July 2020 - 09:16 AM
Trannies and XLF holding quite well thus far....
If they do not break down soon, could be telling something....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 14 July 2020 - 09:27 AM
XLF 30 min still looks bullish at this point after swift drop to back test 200 MA that may be just about to kink upwards depending on how rest of today turns out...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 14 July 2020 - 09:29 AM
SOX: 27 out of 30 components negative but one of the positive ones (TSMC) is the most important one. Interesting that TSM is up in spite of the Huawei news.
