the context that helps active traders frame their ideas. Note roughly of the themes from today's market:
1) Price describe across the wide market, alongside advancing stocks outnumbering decliners past times virtually 1800 issues equally I write;
2) Lack of intraday selling sentiment, alongside no NYSE TICK values below -800 equally I write;
3) Strong commodities together with weak U.S. of A. dollar, inward the wake of positive economical intelligence out of China.
The topic of economical strength--in the U.S. of A. equally good equally emerging markets-- is going to endure ane worth watching early on inward 2010.
Meanwhile, equally I'm watching the marketplace since posting the nautical chart above, I'm besides noticing a novel daily depression inward TICK. The NQ futures are barely positive on the day, together with we're seeing notable relative weakness amid Consumer Discretionary shares. It's the existent fourth dimension updating of marketplace information that tells us when themes are continuing to concur sway, together with when they're losing traction.
.
No comments:
Post a Comment