Monday, February 9, 2009

02.09.09 - Overnight Gap Fill on Strong Tick

Despite opening weakness and early overbought readings on a daily basis, stimulus hopes have the markets holding their Friday highs on strong cumulative tick and advancing volume. I'll be keeping a close eye on the VWAP today and continue to hedge on further gains. XLF is far outpacing the market today.

Interesting thoughts on using longer-term RSIs for intermediate trend detection: Vix & More.

Never Investment Advice

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