Terrible Tuesday

Sorry about the late post, but I had a problem develop that I couldn't figure out. Anyway, these things always seem to happen on Tuesday and Wednesday, the days I'm short on time. The SPX did what was expected, tested 1008 (I believe today's high was just over 1007) and promptly got pushed back. If it wasn't for the patented ramp into the close, we would have been negative on the day. CMF is at nosebleed levels, when I get the chance I will look at longer term charts to see when it was up here last.


The Nasdaq pushed through it's nearby resistance, which probably wasn't much resistance. This is weakening, despite the stratospheric CMF.

Just as the Nasdaq is weakening, the Dow industrials are strengthening. Volume, which has been disappearing, is starting to show up again. This still has plenty of room to move (my chart is on the other computer and i can't remember where I put resistance yesterday).

The Russell 2000 is also strengthening. For the past couple of years, it has been Russell leading = bullish, Russell lagging = bearish. we shall see how this turns out.

Perhaps the boys were giving the finger to the SEC over the impending "flash" order ban. Whatever it was, the jump into the close was pretty spectacular. While I hate trying to trade it, it sure is kind of fun to watch.

The new highs update will probably be quite late tonight, sorry.