Tuesday, August 25, 2009

08.25.09 - What's Missing from Today's Trade?

(Other than my post going up late?) Energy is sorely lacking today in spite of the morning's economic catalysts. Very short-term (I'm not a perma-bear -- really!), the market remains overbought and it seemingly "needs" to rest in time or price. With a few hours to go, I see the Advance - Decline and Cumulative Tick lines rolling over. If price follows, it would be a small change in character with closing weakness as compared to prior sessions.

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