iBankCoin
Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

Look like $S(print) really wants to sprint

Despite a negative $SPY all day, $S acting like a hyperactive child wanting to go out to play.

Take a look at the hourly chart below:

S_hourly

 

It is still showing a positive uptrend and no sign of even a minor correction.

Below is the daily chart:

S_daily

 

It looks like the only thing holding it back is the negative market sentiment; with a positive market sentimental, this child wants to run out of its four years bondage under $6.xx.

Needless to day, I added more to what I bought in the morning.

My 2 cents.

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