DUMB
The negative tells for the long DIA trade were:
1) lousy naz internals
2) poor action in the IWM
3) oversold levels in the VIX/VXO indexes
4) oils hitting their highs on the open and retreating all day
5) poor action in the biotechs
6) overbought 2 day RSI levels on the SPY/DIA
The positive tells:
1) positive action in the semis
2) positive NYSE internals (then)
DIA could still ramp into the end of the day, but that doesn't make it a good trade. It should never have been entered.
2 Comments:
Your are Excellent. And so is your site! Keep up the good work. Bookmarked.
»
Greets to the webmaster of this wonderful site! Keep up the good work. Thanks.
»
Post a Comment
Subscribe to Post Comments [Atom]
<< Home