Not Going To Make Any Calls Here

spx_weekly

Smart money usually closes trading sessions.

After the major indexes sagged around for most of the day they eventually caught nice bids.

But we also need to take note of what’s going on with Broker Dealers, Semiconductors and Retail, which are also good predictors of trend, and were all negative.

Common sense would leave us to believe the market is tired and due for a pullback.

But markets are known for shredding up common sense scenarios.

We’re not going to make any calls here.

Advertisements

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: