Posted by DigiNomad on 25th of Apr 2024 at 11:52 pm
Interesting that VOLD never went positive today. I found the
same thing but opposite (positive VOLD on down days) to be the case
just about always on down days since the October rally started -
internals very rarely confirmed the weakness in price during the
uptrend. We'll see this time. Market is likely to be nutty first
thing tomorrow with PCE coming in and there is an ungodly amount of
Gov cheese in the system which I think always keeps the bias to
crashing higher. I saw a headline about an 11 trillion suprise
spending figure today but haven't read the details yet (wouldn't
surprise me if it's for a single year). That's the thing about Gov
spending - it's hard to track and the surprises are typically not
to the downside and they are backwards looking these days (they are
spending without legislation at the border with private flights,
buses, debit cards, etc...that's all finding its way into the
system...and it's almost immediate but we only know about it after
the fact and wonder why the economic reports seem so goofy and
disconnected these days).
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Interesting that VOLD never went
Posted by DigiNomad on 25th of Apr 2024 at 11:52 pm
Interesting that VOLD never went positive today. I found the same thing but opposite (positive VOLD on down days) to be the case just about always on down days since the October rally started - internals very rarely confirmed the weakness in price during the uptrend. We'll see this time. Market is likely to be nutty first thing tomorrow with PCE coming in and there is an ungodly amount of Gov cheese in the system which I think always keeps the bias to crashing higher. I saw a headline about an 11 trillion suprise spending figure today but haven't read the details yet (wouldn't surprise me if it's for a single year). That's the thing about Gov spending - it's hard to track and the surprises are typically not to the downside and they are backwards looking these days (they are spending without legislation at the border with private flights, buses, debit cards, etc...that's all finding its way into the system...and it's almost immediate but we only know about it after the fact and wonder why the economic reports seem so goofy and disconnected these days).