Financials keep dropping. The ES bid feels very artificial, but watch out for those stop run pushes.
Looks like they want to press equities higher but are looking at oil with a weary eye. That bounce at 58 was pretty convincing for now. Watch YM 12393 level if they go for another drive. The DOW is by far the most extended index, not even touching its 5 DMA for four days. A little bit on the greed side if you ask me, especially with the drop in the TRAN and financials.
Looks like they want to press equities higher but are looking at oil with a weary eye. That bounce at 58 was pretty convincing for now. Watch YM 12393 level if they go for another drive. The DOW is by far the most extended index, not even touching its 5 DMA for four days. A little bit on the greed side if you ask me, especially with the drop in the TRAN and financials.
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on Monday, November 20, 2006 at 11/20/2006 11:50:00 AM.
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