As expected the Dollar has traded in a range this week.
High Yielding Debt performed well today.
This is an hourly shot of DIA ... the ETF for the Dow. I wanted to point out the blue money line and how it is topping. This could point to some weakness when this rolls over. However, the green line which is more indicative of the prevailing trend is moving up.
Volume today was not mild today compared to the last 9 months of trading. It was a 63% up volume day for the Dow with just under $1 billion of cash inflow for the DJ US Total Market (Information obtained from
The Wall Street Journal). Remember yesterday we had buying on weakness for SPY well today we had even more selling on strength from SPY ... just under $300 million. A possible sign that the commercial money is leaving or they are simply liquidating SPY to buy more individual equities. I would still keep stops tight on QID if you shorted the market this week.
As expected the Dollar has traded in a range this week.
High Yielding Debt performed well today.
This is an hourly shot of DIA ... the ETF for the Dow. I wanted to point out the blue money line and how it is topping. This could point to some weakness when this rolls over. However, the green line which is more indicative of the prevailing trend is moving up.
Volume today was not mild today compared to the last 9 months of trading. It was a 63% up volume day for the Dow with just under $1 billion of cash inflow for the DJ US Total Market (Information obtained from The Wall Street Journal). Remember yesterday we had buying on weakness for SPY well today we had even more selling on strength from SPY ... just under $300 million. A possible sign that the commercial money is leaving or they are simply liquidating SPY to buy more individual equities. I would still keep stops tight on QID if you shorted the market this week. 
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