Warning signs were:
- ES could not get above globex VWAP
- ES delta was weak all day sub 0
- ADVN-DECN was weak all day (chopping around 0 line)
- TRIN was strong
- VIX was strong all day
- ZB uptrending all day
- Finnies were weak (BAC d/g)
Conflicting signs were:
- NQ uptrend almost all day
- AAPL AMZN strong almost all day except EOD
- TICK strong all day except EOD
- prior day saw a massive F U squeeze rally in the final hour
News impact:
econ news
7:45 ICSC Retail Store Sales
8:55 Redbook Chain Store Sales
9:00 S&P Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
10:00 Richmond Fed Mfg.
10:00 Budget Hearing (Geithner)
10:00 Hearing: Fed’s aid to Eurozone (Dudley)
12:35 PM Fed’s Rosengren: Economic Outlook
12:45 PM Bernanke: ‘The Federal Reserve and the Financial Crisis’
3:45 PM Fed’s Duke: ‘Building Sustainable Communities’
8:55 Redbook Chain Store Sales
9:00 S&P Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
10:00 Richmond Fed Mfg.
10:00 Budget Hearing (Geithner)
10:00 Hearing: Fed’s aid to Eurozone (Dudley)
12:35 PM Fed’s Rosengren: Economic Outlook
12:45 PM Bernanke: ‘The Federal Reserve and the Financial Crisis’
3:45 PM Fed’s Duke: ‘Building Sustainable Communities’
ES
NQ
Internals
Futures & Stocks
Metals & Futures
Footprint
