Currently, 86-percent of the 228 ETFs I track are showing a positive gain today. Gold, homebuilders and energy is populating today’s top ten performing ETFs for the day. Excel is linked to CQG for the data.
The daily bar chart of the 10-year T-note futures contract is holding above the support zone and at the lows for the last two days. The RSI readings have yet to form a pivot low above 38, which is evidence that the market is still weak.
The intraday view of the T-note market using the TradeFlow […]
Yesterday, sellers brought the market back down following the trade above $53.65 based on the March contract, which was the high of January 16th. This is typical trading range behavior for a weak market. I would expect choppy trading still to be the action going forward.
The 5-minite bar chart of the crude oil the SnapTrader […]
The market is still trading between a near-term resistance zone and the support zone. It looks like the RSI readings will form pivot low above 38 today, and that sets the market into a trading range. The market has built a base over the last seven days, so that could lead to some more upside […]
The market this morning is testing the resistance level at $647.30, and is the supply line of the current short-term up trend channel. Let’s see if the price can close at a point that the RSI is above 62, which is an uptrend momentum reading.
Currently, the TradeFlow chart, which is the 1-tick TradeFlow with the […]
Crude Oil prices are up again today, and that has helped some energy-oriented companies but the sell off in technology is hurting the broad market.
The mid-morning RSI readings from the CQG Custom QuoteBoard, using 15-minute bars for the equity derivative products are indicating wide spread selling pressure. All four, the E-mini S&P (EPH7), the NASDAQ […]
Currently, just 14-percent of the 228 ETFs I track are showing a positive gain today. Energy is once again on today’s top ten performing ETFs for the day. Excel is linked to CQG for the data.
The daily bar chart of the 10-year T-note futures contract is holding above the support zone. I have added a down trend channel, which is a potential area for resistance as the market trades sideways. The RSI readings have yet to form a pivot low above 38. I still interpret the momentum to indicate a […]
We are seeing following through buying following the test of $50.00. I have plotted an overhead resistance zone. The RSI readings from the daily bar chart of Crude Oil still indicate a down trend. The market appears to be going through a typical retracement of the recent decline.
The TradeFlow chart of the crude oil has […]
The market is trading between a near-term resistance zone and the support zone. The RSI readings have yet to form pivot low above 38, so I still expect the price action to test the lower side of the support zone.
The morning look at the TradeFlow Chart for the EURUSD has the both studies set to […]