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Pascal
05-13-2013, 03:00 PM
The market has been neutral today as traders do not want to risk money without the POMO support.
However, the strong US$ is pushing the commodities/PM sector down. Even oil hesitates to go higher.
Finally, treasuries are slightly attracting money.

I'd have to postpone buying SLW as the LEV pattern is negative today. However, GRMN tested the resistance at 26 and reversed back down on a rather negative EV pattern.

It is incredible how undirectional the market can be without the main buyer, which means that we can hardly call this "a market."


Pascal

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