![]() The rest of the weaklings are a fairly Risk On groups which talks to growing fears of future economic health. Real estate is so intra related with the banks that it’s pretty obvious why that group has taken it on the chin as well. The obvious part is the weakness of the financials thanks to all the bad news in the banking sector. That’s where it makes sense to now look at things on a Sector level where we see a lot more diversity between winners and losers. And finally notice how big some of those candles are with tremendous intraday moves.Īll that action over the past month…and nothing to show for it in the market average. Note how short lived all the rallies are…as well as the quick duration of the sell offs. This would seem to indicate that nothing of significance happened. So much to point out on this chart starting with us being absolutely flat month over month. This candlestick chart of the past month tells that story in spades: Not just across weeks and months…but INSIDE of a single session. This stock market of late has been anything but that. That’s because most people are rational and want things to move ahead in a more orderly fashion. OK…I might be kidding about this being the worst stock market ever…but it’s certainly not fun. ![]() That is what is in store in today’s commentary. Gladly if we pull back to the big picture, we can make sense of it all to chart our way to calmer shores. (sorry for the visuals…but needed to drive home the point □ Pretty soon the corn dogs, cotton candy and elephant ears are coming up. That’s because this ride is more Tilt-A-Whirl than Merry-Go-Round thanks to all the volatility. I woke up 2 days ago already knowing the theme for this article: ![]()
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