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Thursday, June 17, 2010

06/17/2010 After Bell Quick Summary

Remember the Extreme High NYMO Reading Chart I show you in the yesterday’s After Bell Quick Summary? Here is the most recently chart, even more similar to the January high 2009 market by blue cycle? Well, for fun only, as from my experiences similarity seldom works.


I’m a little little little bit bearish toward tomorrow, the reason, when SPX up while TNX down 2.8%, short at today’s close and cover at tomorrow’s close, you’ll have 65% chances.


As for the seasonality, according to the Stock Trader’s Almanac, June Triple Witching Day, Dow up 4 of last 6. But the next week is not so bull friendly though – Week after June Triple Witching, Dow down 10 in a row and 17 of last 19.

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