Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Monday, August 26, 2013

Tractor Program Turned Off Mid-afternoon Today

Stock Market Technical Analysis Blog

click on image to enlarge

In the market today, the powerful upwardly biased tractor programs that were placed on the market while it was shut down last Thursday continued to operate today until the Nasdaq, QQQ, and AAPL hit their upper channel lines (shown in red in the 120 min bar charts above).  The three then immediately rolled over which stopped the S&P in its tracks and caused it to roll over also (shown in bottom right chart).   Tomorrow will be interesting.

Trade well my friends


Blog Archive