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S&P 500
4,967.23
(
-0.88%
)
US TECH 100
16,558.00
(
-2.23%
)
Dow Jones
37,986.40
(
0.56%
)
Brent Oil
86.63
(
0.24%
)
Bitcoin
63,973.62
(
0.73%
)
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TREND1

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Re: None

Wednesday, 02/03/2016 7:35:28 PM

Wednesday, February 03, 2016 7:35:28 PM

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2/3/16 Conclusion: It may seem strange on a day when the SPY was up .60% to be discussing the failure of the current rally. The rally in oil, metals and bonds seems to have fueled the late afternoon comeback rather than overall constituent strength. Momentum is still relatively positive and price has closed above support. Intermediate-term indicators are still oversold, so I'm not expecting to see a large decline yet
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