Stock Market Technical Indicators & Analysis
I do not usually look at hourly charts but did tonight. This chart of DIA shows a lot of selling at the end of day the past week. A similar pattern can be seen in the SPY. What do the big boys know that is causing them to sell at the end of the day
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Will post again next Sunday night.
More daily new lows than highs; only 32% of US stocks advance; T2108 at lowest level since last April. The GMI is now at 4 (of 6). XLF and XLB are weak. And short rates are on a steady rise:
This chart shows the renewed decline on Monday in 20 year treasury bonds. Long rates are rising.
