In any case, this posting comes at a time when signals are appearing.
For ES weekly chart, it is a mature rally and again see signs of tired euphoria on the back of lower volumes. The daily chart has a SELL signal from yesterday and bearish divergence is clear in the MACD. Am beginning to wonder if April 2013 is even going to be a buligh month at all or not...
The VIX chart is not about to breakout but is clearly consolidating. I am expecting a break out just around the corner (when I am not looking, as I am away).
Interestingly, TLT iShares long term bond fund price has had major BUY signals and really popped up this week. Is this an early indicator? Perhaps so and one wonders what gives here...
Next week may be more down than what we would like to think.
Watch that corner!
The MadScientist
6 April 2013
Note: ALL material posted here is from my personal opinion, and my opinion may differ or change without notice. These do NOT constitute as solicitation, investment nor financial advice. By reading the materials presented here, Readers acknowledge the awareness that the materials are intended for educational purposes only. For investment(s) advice, related decisions and/or actions pertaining to investments, always consult your own qualified financial advisors, brokers, etc.
Charts are from TD Ameritrade Thinkorswim platform
Non-Farm Payrolls out and is killing the US market.
ReplyDeleteLooks like we are just round the corner...