At Friday's close, I started to see some long swing trade signals set up. However, the long weekend's Asia trade was a strong clue to wait it out for today's open. While some research indicates a good edge towards fading bear gaps down, as of right now we are seeing no evidence supporting that trade intraday. In fact, the Advance-Decline line is so squashed, I can't even see it on my charts! (Cyan line in bottom pane). Note that this could change quickly with price in as narrow a range as it has been. With the VIX pushing 50 yet again, anyway you look at it these bear market retests are scary indeed for the fully invested.
Last 20-Minutes Sector Chart
Consumer Staples (XLP) "relative winner."
Stimulus Plan - The New Beginning
The new beginning starts with a resounding thud.
Never Investment Advice
06/18/2013 Trading Signals
24 minutes ago