We have some premarket data coming out which may materially affect the conditions of the marketplace.
Equity futures have been quiet overnight through some macro moves in currencies and metals. It is likely the market is waiting to hear the 8:30am ET data before deciding on a direction for the morning. The long term auction is controlled by buyers who can be seen grinding price higher along our upper ATR measurements (Bollinger Band, Keltner, etc.).
The intermediate term auction is still controlled by the buyer. When the fast move occurred yesterday afternoon, I initially thought it threw intermediate term back into balance, but assessing the action in my calm morning state I can see we made a higher low. Buyers still hold control unless they fail to make a new swing high. I have highlighted some key areas on the following micro composite of intermediate term volume profile:
The short term auction is balanced. We can see value beginning to overlap prior days and no clear victor on the short term. I have noted some interesting observations on the following market profile chart:
off topic..if you don’t mind.
I’m unable to post on Fly’s blog and would like to ‘Thank’ Valarie for the kind acknowledgement. All is well in my little corner of this world. Hope all is well with you, yes?
~Sincerely
now about that this is the ‘END’ scoopity~doo.
They’ve been playing this one like a fiddle, Sir Raul. It sort of reminds me of the pops and drops in RVLT in 2012~2013.
We shall have to wait and see(risky business)
Have a great day all you Beautiful People.
😉
Sweet Jeezus move on that Westport scoop.
selling first ins and small portion of that add on Monday here:
filled at $17.83
continue to hold 3/4 at $15.26 Acquired 03/03/2014(posted entry right here on the Fan~tabulous Sir Raul’s blog)
wham bam thank you ma’am..
http://youtu.be/zLnPd7lzT4g
well now sh!t..
forgive me for misspelling your name there, Valerie..
🙁