Tuesday, December 29, 2009

Technical Picture - Low Volume Chop

$USD consolidating gains in orderly fashion. Looks well positioned to go higher.

SPX versus VIX - Time for some retracement?


AAPL just broke out to all time highs on low volume. Can it hold? Today's bearish engulfing bar foreshadows a failed BO. It may be just a retest of the BO point, or not. Keep this one on the radar. Remember, failed BOs lead to fast moves in the opposite direction.

2 comments:

Day Tradr said...

Jamie:

Wishing you a very happy and prosperous 2010

Jamie said...

Thanks Day Tradr,

Wishing you a happy and prosperous new year too!