ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: The Ox who wrote (77832)	3/24/2023 11:55:30 AM
From: Lee Lichterman III	2 Recommendations Read Replies (1) of 98122

Newbies tend to buy the open so the bias is often up in the morning. Once those orders dry up, the algos take over until near the close. At least that's how I used to view it. Market was more balanced this morning except for the same HYG and tranny weakness. RSP/SPX & ONEQ/QQQ were closer to even than the last few days. Defensive was strongest though last I saw so "have to buy something" money still chasing safety. My opposite guy is pretty bearish this morning so I'm wondering if we're near a short term low. We are getting close to end of month inflows but news is bad, financials and trannies tend to lead and look like death, and like I said earlier, tax payments are going to suck a lot of liquidity out in a few weeks so people might start hoarding cash to pay. The end/beginning of the month indicator often fails for end of March/beginning of April.

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