Sunday, August 9, 2009


No time to write, but here are some charts. I have a wake up at 4:30AM to catch a flight. I usually sleep at around 3AM, so I have to force myself to sleep.

First up are the SPX charts in the following order: 5-day, 10-day, 1-month, 2-year.

I want to note something very important in the 2-year chart and it has to do with the volume pattern. For the first time, the volume is increasing on the up days. If you looked previously, the volume has always risen during the selloffs and declined during the rallies.

Next up are the SPDR Select sector ETFs.

No comments: