Thursday, June 18, 2015

Green for Now, but....06.18.15

A nice broad based rally today with new highs in the NAZ and Russell.  Volume was about 15% above average, the first time we've seen above average volume accompany a rally rather than a decline in over a month.  The ergodics and ADX were in sync all day suggesting actual accumulation and not just HFT arbitrage.  Friday's op ex day's tend to close lower and then there's this note>>>  According to the Stock Trader's Almanac the week after June option triple witching the Dow has been down 14 years in a row and 21 of the last 23 years. The average loss since 1990 has been -1.2%