The Quick Takes Pro blog by Michael Kahn, CMT about anything that might affect your portfolio.
Monday, November 16, 2009
Wet Blanket
Some charts just speak for themselves and this one is the wet blanket on today's rally.
Yes, volume for the NYSE was stinky again - old news. This chart of the banking ETF shows money still fleeing, a broken trendline and former support now acting as resistance.
Yes, volume for the NYSE was stinky again - old news. This chart of the banking ETF shows money still fleeing, a broken trendline and former support now acting as resistance.
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