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Crazy action in the markets today. Some of it was expected, but some of it doesn't seem to fit. Lets take a look.
IBB - Really taking it on the chin lately. This is a weekly chart and todays volume was massive.
Read MoreIt would be good to look back at the past weeks activities and see how things are stacking up.
TRAN WKLY - This surely hasn't looked bullish as the trend changed. The Tran was rejected at the 10 ma this week again.
Read MoreA quick look at the markets and a brief discussion on shopping
On Sept 22 - I said that I was looking for a possible 'Test' of the break down and then a drop.
SPX - Reversal candle. Maybe that 'Test' comes now.
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