Monday, September 15, 2008

Oil down -4.68%; TNX down -5.34%


Note: The VIX:VXN ratio peaked near capitulation levels earlier today.

7:15AM PST: Adjusted tick is still negative, though the intermediate bars have been headed north. AD line looks like it could be turning. Mixed signals I'd say as SPY hits [potential] resistance coming from under S2, but feels like this gap wants to fill.

o FinViz ETF Heatmap

8:55AM PST: Nice run up this morning, but the indices were rebuffed at their five day moving averages, Adj. Tick remains very negative... will switch to normal format at the mid-day.

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