Fas/faz - 5/4

Why is that?

 

Some divergence here.

ES made a LH,LL.

FAS made a HH,HL.

Who wins?

 

too early to tell

 

I just walked in after being out for an hour. What da Heck is going on? FAZ is down in the crapper while both the S&P and Dow have lost gains.

Are financials the only thing being bought?

 

Not any more.

"The market" won that one.

I got in FAZ @5.82

 

Didn't last.

Out at 6.00.

3%

 

So what do you think FAS is going to do? It looks like it wants to climb, the market drop has slowed dramatically, maybe its turning around or at least turning sideways. I don't know, but what do you think is going to happen?

 

It looks like it'll go up.

But the midday doldrums laetly has me sitting on my hands right now, rather than sitting through 3 hrs of sideways, rangebound bullshit.

I'll wait a little. Already bagged 3%, so it wouldn't be a bad day if I did nothing more. Although I may be missing out here on FAS.

 

I'm long (FAS) biased right now cuz we had a HH,HL on the long term, and about a 50% retrace to the previous low.

 

Mid term chart also shows HL,HH.