The equity markets opened flat to better with an initial wave of buying, but technology is not following, which is a moderately negative sign.
The mid-morning RSI readings from the CQG Custom QuoteBoard, using 15-minute bars for the equity derivative products are neutral for the E-mini S&P (EPZ6), the DJ Euro STOXX 50 (DSXZ6), and the […]
Precious metals are at the top of the list of today’s top performing ETFs with enery oriented ETFs sharing the list. Excel is linked to CQG for the data.
The market initially opened down this morning, likely due to weakness in the Far East markets, but buyers have stepped. Before we see today’s action, we will review Friday’s TradeFlow chart.
Trading Friday was interesting because the market gapped down at the opening, and the volume of trading was fairly heavy as indicated by the wide […]
The equity markets opened lower in reaction to the weak Far East markets, but big M&A deals bring in buyers.
The mid-morning RSI readings from the CQG Custom QuoteBoard, using 15-minute bars for the equity derivative products are positive across the board. The E-mini S&P (EPZ6), and the Dow (DJI) are lagging. The positive sign […]
Freeport-McMoRan’s bid $26 billion for Phelps Dodge and the Blackstone Groups bid $20 billion for Equity Office Properties has pushed REITS and basic metals to the top of today’s best performing ETFs. Excel is linked to CQG for the data.
One aspect of oscillators, such as the relative strength the index (RSI) that traders may overlook is the impact the trend of the market has on the RSI readings. If the market is in a sustained up trend, the range of the RSI readings will shift upwards. In other words, an oversold reading by the […]
A gap down opening in reaction to the poor housing data has sellers in control during the morning trading in the e-mini S&P 500. Before we see today’s action, we will review yesterday’s TradeFlow chart.
Before, we look at yesterday’s TradeFlow chart, I want to show another charting style available from CQG and that is the […]
The equity markets opened down on the weak housing data.
The mid-morning RSI readings from the CQG Custom QuoteBoard, using 15-minute bars for the equity derivative products are modestly negative for the E-mini S&P (EPZ6), and slightly posotive for the Dow (DJI). But, the NASDAQ 100 (ENQZ6) and the DJ Euro STOXX 50 (DSXZ6) indicating selling […]
Gold and Oil ETFs are dominating the list of top performing ETFs. And, with the equity markets starting out down in the early trading in reaction to the weak housing starts data, bonds have made it into the top ten list for today. Money tends to flow from equities to bonds in reaction to weak […]
Early morning trading in the e-mini S&P 500 starting out strong in reaction to the CPI headlines. However, when the pit session opened, the market has found sellers at yesterday’s high. Before we see today’s action, we will review yesterday’s TradeFlow chart.
Yesterday’s TradeFlow chart, which uses 5-tick aggregation, we see the price started out with […]