Live Update

Thursday, November 5, 2009

11/05/2009 After Bell Quick Summary

Rally huge, finally, the only problem is no volume as there’re 1691 Russell 3000 components were up on decreased volume. Well, I know nobody cares. Just from the chart below, bulls are not out of woods yet because it looks like a Fib 50 retracement. So let’s see how market follow-through tomorrow.

SPY30min

One trick today, when ISEE Indices & ETFs Only Index > 100, 23 out of 28 times (82%) a red close, most likely the next day (see red arrows) or the next next day (see blue arrows).

ISEE ISEEWatch

blog comments powered by Disqus

Disclaimer

The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.

This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.