Thursday, December 6, 2012

T2 Update + Charts...12.6.12

No new Alerts today.  Actually, several of the alerts went short at yesterday's close so it will take at least a couple days to work off those signals.  Apple really took a bite out of the Qs yesterday and we're seeing some recovery today.  The financials led the charge yesterday although 28 out of 30 DOW stocks were green almost all day long on about 70% normal volume. 
Reflecting ongoing market uncertainty both TLT and QQQ are green today, while XIV, the hyper signal of bullishness, is alternating between flat and red.   A lot can happen the rest of the day but for now we remain in a stopped mode as our momentum leaders show signs of stalling on the charts while the bond ETFs are looking stronger.