The Document

Login Subscribe Now
July 6, 2010

Forfeited Rally

Stocks technically formed a daily swing low today, but I'm not sure how much I would trust the swing as an indication that the daily and intermediate cycles have ended. For one, a 20-handle rally was forfeited before the SPX managed to close just marginally higher... not exactly the typically explosive action seen off significant bottoms. We need to see a couple of ...

 

Login to read full article.

Recent Newsletters

Macroeconomic Blog | Cycle Trading Newsletter | TrendBands Fund | Library | About | Contact Us | Members