It has been a long time since I did a market review but given our unstoppable run I wanted to see where we currently stand. Since my focus is now day trading futures this kind of daily research really isn't relevant to my approach.
Markets continue to be risk on whatever (dollar up down euro up down) all dips continue to be bought. We are still not seeing sustained selling (opens are sold but closes like today are not) and AAPL sub 600 continues to be bought. Financials (XLF) is seeing sector rotation and leading. McClellan Oscillator shows we are way from overbought. Bonds are beginning to perk up out of their bases. And as I write this ES is up 5 points off 1400... So BTD lives on.
Here are some charts I'm looking at:
Here are some charts I'm looking at:
SPY
Weekly
Day
Hourly
QQQ
Monthly
Weekly
Day
30 minute
IWM
Week
Day
Hourly
Dollar
XLF
Weekly
Daily
VIX
McClellan Oscillator
Bonds
30 Yr Yield
TBT
Weekly
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