Dabum, looks like the dow is successfully testing the 10609 resistance twice in two days.
stockcharts.com[h,a]dacayiay[db][pc20!d10,1!f][vc60][iut!Ua5,17,9!Uh14,3]&pref=G
The SPX is doing the same.
stockcharts.com[h,a]dacayiay[db][pc20!d10,1!f][vc60][iut!Ua5,17,9!Uh14,3]&pref=G
The Nasdaq 100 is doing the same, but with the Jan low.
stockcharts.com[h,a]dacayiay[db][pc20!d10,1!f][vc60][iut!Ua5,17,9!Uh14,3]&pref=G
The SOX looks like it has just begun its bounce off the test.
stockcharts.com[h,a]dacayiay[db][pc20!d10,1!f][vc60][iut!Ua5,17,9!Uh14,3]&pref=G
The XNG is powering ahead once again.
stockcharts.com[h,a]dacayiay[db][pc20!d10,1!f][vc60][iut!Ua5,17,9!Uh14,3]&pref=G
The OSX is being more modest.
stockcharts.com[h,a]dacayiay[db][pc20!d10,1!f][vc60][iut!Ua5,17,9!Uh14,3]&pref=G
I think there is some profit taking and new rotation out of commodities and into other sectors like technology, just in time for window dressing and the pre-earnings run up.
My favorite steel stocks, RIO and SID, have bounced after retracing nearly all the gains from the announced worldwide 71.5% increase in steel prices.
stockcharts.com[h,a]dacayiay[db][pc20!d10,1!f][vc60][iut!Ua5,17,9!Uh14,3]&pref=G
stockcharts.com[h,a]dacayiay[db][pc20!d10,1!f][vc60][iut!Ua5,17,9!Uh14,3]&pref=G
I know dabum is going to like the set up of the latter two <ggg>.
Best regards, |
