Click chart to enlarge.
5-Day Momentum Indicator, last 100 days. S&P Index = yellow.
IB = Intraday Behavior(pink). PM = Price Momentum(blue).
For Monday (3/9), the Up/Down Indicator is .42 suggesting
a negative bias for the Stock Market.
In spite of this bias, I think Monday will be an up day.
The S&P Interval = 11.5 points.
4 comments:
Watch the TED Spread. Its on the rise.
http://www.bloomberg.com/apps/quote?ticker=.TEDSP:IND
Put call ratio is just amazing. Even a small pop is making folks pile in to calls. Unless they are buying calls on inverse ETF's..
Will,
looks like you are playing the bullish stance and believe in the 666 support to hold. You also mentioned previously the unusual NASDAQ strength that may not last long. Do you believe erosion in the tech could pull to another violent sellout within an oversold markets (a la Oct 2008)?
See "That's More Like It" (3/10).
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