etfmsolutions: Treading Water...05.13.15

Wednesday, May 13, 2015

Treading Water...05.13.15

It looked like a bullish breakout this morning with a nice gap up but early enthusiasm faded throughout the day with the indices finishing in the red after a steady and relentless reversal.
Volume was thin and the NYAD finished basically neutral. HFT activity was evident once again as the early pop to R1 was gradually eroded back down to yesterday's close (solid yellow line).
Frustrating? Yes. Today's comment from the Schwab Alert service is attached below.

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