Trendy Tuesday Wrap Up
Trendy Tuesday Wrap Up
Equities are continuing the push higher – again, as predicted last week. Here’s a review of today’s tape in the spoos vis-à-vis the Zero:
I again have to point out that observing the scale on the Zero Lite is crucial. When evaluating divergences I always look at the scale, the context of the day, and finally the velocity/shape of the current pattern. Anything below the +/- 1.0 scale I take with a lot of grain of salt and given a low participation day I instead focus on the overall dynamics of the session. Today was clearly bullish and instead of taking short positions against the trend the money trades were in taking long positions at VWAP with the trend.
Geronimo nailed another one late in the day – me like!
How’s this for ‘trendy’? I’m massively long wickedweasel. Since we’re heading toward summer I think I’m starting a new tradition here at Evil Speculator 😉
Cheers,
Mole
