Some encouraging signs for bears today,with weakness in US markets,strength in the dollar,strength in the Vix and weakness in gold.It could be that the negative reaction to Apple and IBM earnings yesterday marked a turning point in this POMO and HFT -dominated,low volume bull phase.I still think the triple top in the bank index is thnreatening a fast downleg that could derail the bulls' optimism.I will try and post some more charts tomorrow but here is Columbia's dollar index chart.
No comments:
Post a Comment