Market Signals are strong --
/tf up .23% but chopping around after PPI data.
Now double bottoming to low of day.
Potential movement with Spain requesting bailout? Possible news at 10:15 am.
ANF up huge -- so retail names, DECK, ARO strong.
EWP 1.74% -- strong euro / Market pushing up a bit. Respect the strength. Almost trend up day Market Signals to start -- might just start with a rip.
CSCO, ANF -- huge leaders
DDD, FB (despite lockup ex), WPRT
ferts down on MOS.
2 puke candles /tf + 5/9 xover - long because Market Signals are strongish. Rangebound Market - not Trend.
Israel missile strikes -- Hamas leader killed. /cl POPS. in uptrend. over 99
/tf - lowest touch in past 5 days. retail still strong.
Trend Down day forming now... follow the rules.
780.7 -- /tf plummeting. Trend Down Day in effect now. 99 MA ribbon was clear. No reason to have a bias or opinions.
still trending down fast.
/tf 778.70 -- MAs keep you out of trouble ... no bounce here yet.
caught 9 ticks on 3 long 1 min tails plus 5/9 xover - sold into 34 MA. Small targets here only -- Trend Down day still. /tf back under 780
FOMC at 2 pm -- lunchtime chop.
LXK -- doing well. Green all day.
/tf down to 777 -- Trend down day -- there's no reason to overthink. Sure, there were some small bounces but now back to low of the day. No surprises.