Friday, March 12, 2010

03.12.10 - Consolidation under VWAP

After an easy gap fill, internals are marginally negative, but there is no real sign of potential breakdown yet as price consolidates under the VWAP.  In fact, the VIX is continuing to decline.  Keep a close eye on that slight edge in down volume and cumulative tick for any change.  If it does break, it could be fast as overbought as we are.

1 comment:

Bob said...

why do you post these illegible charts and meaningless comments throughout the day?

I hope it drives traffic to your site or something because there is no other utility for these efforts.