Maybe it means nothing. Euro down >0.5% while the SPX
was up. TLT up, stocks up. $VIX up, stocks up, Europe down,
stocks up.
I will say that the last two days has (again) produced a
familiar daily candlestick topping pattern seen at major tops of
the last six months. I know this is the same pattern as last
week, but last week, the $RUT had some work to do to get up to
resistance. Today, $RUT tagged its 61.8% retracement and hit
into some resistance.
Steve has a nice chart (this is a clip of it) -- sorry if it is
small -- I'm on a laptop now with limited screen space. Do a
search for steve and keyword $NYMO. Not that it is a big deal
to find, but Tom, any way we can put that as a chart link in the
dynamic link section? I think it is a key signal (or has been
in the last 9 months).
$NYMO divergence back on....
Posted by kalinm on 11th of Jan 2012 at 04:56 pm
Maybe it means nothing. Euro down >0.5% while the SPX was up. TLT up, stocks up. $VIX up, stocks up, Europe down, stocks up.
I will say that the last two days has (again) produced a familiar daily candlestick topping pattern seen at major tops of the last six months. I know this is the same pattern as last week, but last week, the $RUT had some work to do to get up to resistance. Today, $RUT tagged its 61.8% retracement and hit into some resistance.
$NYMO divergence
Posted by perthx on 11th of Jan 2012 at 05:54 pm
do you have the updated chart to post please or a stock charts link?
Steve has a nice chart
Posted by kalinm on 11th of Jan 2012 at 06:25 pm
Steve has a nice chart (this is a clip of it) -- sorry if it is small -- I'm on a laptop now with limited screen space. Do a search for steve and keyword $NYMO. Not that it is a big deal to find, but Tom, any way we can put that as a chart link in the dynamic link section? I think it is a key signal (or has been in the last 9 months).
thanks, checked it out as suggested
Posted by perthx on 11th of Jan 2012 at 10:29 pm
However kal, I would prefer to track the big chart you put up earlier [or was that last week?], as it was much cleaner to read!!