There really isn’t much to say is there? The mkt. reminds me of this never-ending clip.
It has flatlined. I thought the news today would give us something, but alas, here we sit flat as my feet. I really don’t even want to put charts on here, because there is not much to talk about. But I will throw a couple in here because that is what I do.
Pretty significant breakdown on the VIX. Also note that it closed near the lows, a rare occurence these days. We are almost all the way back down to our recent lows.
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This pretty much represents all the indice charts. So I won’t post the others. Again, pretty much no direction either way. Taken in context, this would look like the top of this four-day up move. But it has looked toppy to me for a while, so take that with a grain of salt.
ESRX broke down hard today. It not only made a bearish engulfing on huge v, but took out some support as well. I would look for more down to follow, maybe a little sideways first, but a move of this strength can sometimes keep right on going.
Bearish flag, bearish divergence, great support area, I think this one is due for a drop.
Well that is it for the late night Wed. post, sorry for such a short one, but Wed’s are late nights for me, and mkts. like this put me to sleep. Pray for some movement, trade well and prosper. AKOT
I got an email today (12/18) at 9:30 pm, the first line of which read “Posted 12/16 at 10:45 pm (PST).
I don’t quite get it; at the end of the day I am reading about what happened in the market 2 days ago. What am I missing?
Thanks.
Huh? That’s odd. I have had others say when they subscribe, that it comes at the end of the day, but not two days later. I use google reader and it updates right now, but I will see what I can find out. AKOT