We are on the brink of a major move in the market, and I think the direction will be pretty clear in the coming days. Fly has an interesting study up on The PPT blog, and I suggest everyone check it out.
Aside from the hybrid score, two things in particular I will be watching are $GS and $GOOG. These two market leaders have been great tells on future market direction and both are at critical technical levels.
$GS: trading range is getting tighter, it has to break one way or the other.
$GOOG: watch for a breakout type move on further strength.
If the two stocks are green tomorrow, I like my chances being long stocks into a further meltup.
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Don’t forget AAPL
Yep, almost added it to this post, sitting right on the 50 day.
Let’s hope for upside. I am loaded with Slacks 🙂 Thanks
GOOG is a market loser!
But they def are good tells.
Breadth indicator is positive so that’s another one.
Also, have you seen sugar lately?
TLT is the “tell” !
uhhh … fwiw
IMO the bottom tail it printed yesterday … marked the top of this upswing.
Time to go DOWN !
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