9:13 AM CT - I added the overstep nautical chart to demonstrate how nosotros made fresh morn lows earlier ix AM CT, but those lows were accompanied past times relatively pocket-size negative TICK readings together with a non-confirmation from the Russell 2000 stocks. Seeing the divergence, I bought merely about IWM together with rode a popular higher toward the overstep of the morn together with yesterday afternoon ranges. It's a dainty trivial example of how choosing what you're trading (a relative forcefulness leader if you're expecting a rise) is equally of import equally getting your timing right.
We've pulled dorsum into the multiday trading hit inward early on merchandise today, breaking below the hit of the past times ii trading sessions. I'm similar a shot looking to come across if nosotros tin sustain cost together with ready value below yesterday's depression price. Despite the stock weakness, other gamble assets are firm: USD is weak vs. euro together with we're seeing merely about forcefulness inward gilded together with oil; rates are a flake lower. Also, we're non withal seeing the Russell 2000 Index or the NASDAQ 100 laid upward for novel lows relative to yesterday; I'll locomote watching closely to come across if those divergences continue. More later on this AM--
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