Tuesday, July 13, 2010

7-13-10: Tuesday -- Up, Up and Away







All-in-all a wonderful acceptance today of the overnight mark up with price not being able to break down below the VWAP.

The only fly in the ointment in today's internals was the cumulative delta. It sported persistent negative readings all day long. In built to the downside all day long for the most part. Readings like this have lead to reversals in the past.

But INTC blew away numbers so we are probably going to get another 10+ gap tomorrow.

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