50MA Daily Triggers a Double Distribution.

Thanksgiving ushers in a double distribution afternoon feel-good rally off of the 50ma. Financials were strong AM and a test of the daily 50ma that "just faded out" said "forget the short side".

Given today's rise on crappy sediment, a break out tomorrow above today's range highs on anything but ferocious internals will be a fade trade opportunity.

Unfounded Breakdown!

Today was tricky. The coil and go breakdown below the VWAP made NO sense to me given the moderate structural dynamics (and a crap load of stocks up despite the financials and energy). I've seen many a day far weaker in structure never make it more than a tick down before reversing!

But, alas,my suspicions were well-founded as the market V-reversed today all the way back up to range highs once the S2 destination target was met.

All hail the computers!

Reversal Day

Balance With Last Hour Breakout, Inside Range Day

Extreme Sediment Day

Inside Range Day

I'll be on watch for some lame push to new lows that the waiting bulls will love to punish : )

Friday Sell Day and the MUB