VIX/SPOO diverging Bonds unable to rally on 15% decline in Spoo over the last 14 days RSI oversold (for what that's worth) Charts still say lower, but these signs may indicate a bounce could be coming... We'll see if 730 area holds, an area I have as closing support... PS - I have no position in equities/bonds right now.
And USD / JPY at 94.80. "Accidentally" this month high. I did forget about the interpretation : was it risk aversion or increasing risk appetite ?
Looks like futures are trying to rise from the ashes again this eve. Last night they climbed only to get slapped down today when the gov't started talking. I'll be cheering them on all night. Stosh
I have the same opinion and from what I see on the charts I think the markets will close the week much higher. We could use a good hard reversal day on high volume this week. Judging by the volume and MACD on the weekly chart it doesn't look like the big guys are deleveraging but it seems more like it's just drifting lower for lack of buyers. Der Führer Obama needs to stop being so mysterious about the banks and get some clarity back in the market.