Pascal
01-17-2017, 03:44 PM
Following on what I wrote on Sunday, IBB continued to be weak.
http://www.effectivevolume.com/content.php?3581-Weekly-Comments-for-January-15-2017
39152
The 20Y Treasuries are displaying a negative divergence, while TBT attracts much buying (I Bought TBT today). This indicates that the market is not going to drop much: Treasuries are not bought for protection.
39154
39153
GDX also displays a negative divergence (Higher prices are barely attracting buyers)
39156
However, XLE looks positive, together with XOM. My buy price is slightly lower though.
39155
39157
Pascal
http://www.effectivevolume.com/content.php?3581-Weekly-Comments-for-January-15-2017
39152
The 20Y Treasuries are displaying a negative divergence, while TBT attracts much buying (I Bought TBT today). This indicates that the market is not going to drop much: Treasuries are not bought for protection.
39154
39153
GDX also displays a negative divergence (Higher prices are barely attracting buyers)
39156
However, XLE looks positive, together with XOM. My buy price is slightly lower though.
39155
39157
Pascal