01-12-2012. market sending mix signals as it has been doing over 10 days. CL Pulled back on job cliams and retail sales, and now cl up as dxy pulled back hard and may make an A down.
This is my tell today guys. Watch the action in XLF. We are having some trouble getting and holding above this level. This is your tell. Watch that level.
Intra-day A down on the SPY... Kinda felt like we weren't going to have much follow through on the weekly A up. Let's see what happens.
In contrast to yesterday where not a single one of the 28 sectors was making an A up or A down, today we have 23 making A downs.
... and we're close to a ton of the Monthlies, telling me we probably aren't confirming today... Do you think this puts a failed monthly A up in play Mav?
On the other side... Dow chemical making the intra-day and monthly A up today. Edit: Scratch that, someone read my post and took it to the shed...