Thursday, April 24, 2014

We were worried about a rinse lower, and that's what printed.  The Apple euphoria spike was just a laggard-fest.  We've noted so many times on this blog that spike bars are high-odds to get retraced.

Intraday, the morning move lower printed an initial balance minor low of the last two sessions, and rocketed higher to near range highs -- trade of the day.

Then inside range balance for the rest of the session.

Was today a yet another healthy consolidation day?  Where weak handed longs get messed with?  Or is a lower high on the daily going to print and selling is going to ensue?  With only Apple really shining today, hiding broader market weakness?

We give the nod to the buyers tomorrow, as the upside all-time-highs destination trade is just so alluring.  Long the 73's for the overnight.



                             





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