The ECB meeting sends dollar even lower...
http://www.tsptalk.com/images/mb/090717a.gif
https://www.bloomberg.com/news/artic...of-uncertainty
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The ECB meeting sends dollar even lower...
http://www.tsptalk.com/images/mb/090717a.gif
https://www.bloomberg.com/news/artic...of-uncertainty
The Dow is trying to hold the 50-day EMA...
http://www.tsptalk.com/images/mb/090817c.gif
While a couple of important charts pullback from double tops...
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This one could be forming a cup and handle...
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The small cap index ran back into that trading channel last week and today it is testing the top of it again. Also hitting some descending resistance.
http://www.tsptalk.com/images/mb/091117a.gif
These "F" flags can be tricky. They could ride up that flag for days, longer than seems reasonable. But when it breaks, it tends to break down hard. So how many days of gains are left in it before those two open gaps get some attention?
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After a big run higher, the economically sensitive copper has pulled back this month. It's trying to hold at the 50-day EMA.
Interesting with stocks rallying and the dollar still falling.
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He Tom,
Does Copper act like the Transports?? Canary in the coalmine?
It is normally. It's supposed to be a good indication of the economy, but so is oil and we've seen them moving in opposite directions recently. The dollar seems to be a major factor so I think the signals are mixed this time.
Hmmm... what's going on in Greece?
http://www.tsptalk.com/images/mb/091917a.gif
One possibility, written back in May this year: The Last Time Greece Did This, Its Stock Market Crashed 70% | Zero Hedge
FedEx was selling off after hours yesterday... today it's rallying and helping the Transports to move into another gear.
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Despite the weakness in the Dow and S&P, there are new highs in Russell early this morning. Can it hold into the close?
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The dollar is rallying for a second day...
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Pulling the I-fund down.
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