Tuesday, April 9, 2013

Market Comments

$INDU - Chart Link - The Dow made new high and the SPX came within a gnats hair of it.  Again the market is good at screwing the bears or the top pickers.  That's why it's good to take at least partial profits if you do catch a top, as we stated, they are emotional affairs and always choppy

$RUT - Chart Link - otherwise the RUT small caps continue to lag and it's one area I'm focused on for a better short

$RUT - Chart Link - here's a 60 min view, note that it hasn't even retraced 61.8% of the pullback, and there is some divergence on the 5 RSI.  It's one to watch

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