kalinm- thx for pointing out that big engulfing stick on the XLU. i’ve been waiting patiently for weeks on that one for a sell signal and it looks like we finally have a good one. here’s my daily and weekly XLU charts with notes. not able to post much today with the kids home on vacation until thursday (i have no idea why their school didn’t start today).
other than that, those currency charts (EUR/USD and the DXY posted last week) made clear breakouts today of those patterns so we got the expected strong ramp in equities. however, still not acting on anything yet (except an XLU short today) since volumes are well below average on the stock index triangle breakouts today. failure rate too much above average right not to chase anymore longs or cover any shorts.
