CLF, IAG, BFAM, BIDU, AMC,
On Monday, stocks opened basically flat (SPY and QQQ down modestly and DIA flat). All 3 major indices then sold off modestly until 11 am. We then saw a sideways grind in a very tight range un 12:30 pm. We then saw a rally in all 3 major indices that died out at 1:45 pm and fell into a very modest and slow pullback, again in a tight range, all the way into 3:30 pm. This action gives us indecisive, black-bodied Spinning Tops in the 3 major indices. At this point, the two large-cap indices are holding up after a retest of their T-lines, while the QQQ is slightly back below its 8ema.
On the day, seven of the ten sectors are in the red, with Consumer Defensive sector (+0.56%) leading the three gainers and Energy sector (-1.73%) lagging behind. At the same time, the SPY is down 0.48%, the DIA is up 0.17%, and the QQQ is down 1.10%. The VXX is down 2.13% to 16.06, and T2122 is falling back out of overbought territory to 74.85. 10-year bond yields have climbed back up to 3.836%, and Oil (WTI) is down0.42% to $79.74 per barrel. So, overall, Monday was an indecisive session as we wait on more earnings on Tuesday and then the holiday break.
| |
CLF, IAG, BFAM, BIDU, AMC, | |
Hit and Run Candlesticks | Right Way Options | Live Trading Alerts | |
Terms of Service Investing/Trading involve significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for educational purposes only | |
Unsubscribe Hit & Run Candlesticks Inc. 2733 E. Battlefield #287 Springfield, Missouri 65804 United States (417) 848-3519 | |
Post a Comment
Post a Comment