08/27/2009 Pre-Market Briefing


Open flat, another boring day, I guess.

Institutional Buying and Selling Trending from www.stocktiming.com. My view of the chart is that the distribution is at historical low while accumulation has negative divergence, but overall, the institution is still in accumulation mode.

3

 

Anonymous said...

market is down now. Will it bounce back?

August 27, 2009 10:11 AM

I have no idea. SPY is on an important support now. TRIN actually is not so bearish today.

SPY30min 

 

10:25am, Here’s a text book target for Symmetrical Triangle. The rebound so far now looks like a consolidation, so still could breakdown…

SPY15min

11:23am, just a reminder, it’s not a broad based selling, financials are strong therefore TRIN is very low now (0.47). So bears, don’t get too excited.

Sector1

10 Comments on "08/27/2009 Pre-Market Briefing"
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